Buffett: “If The Internet Had Come Along First, Newspapers As We Know Them Probably Would Never Have Existed”
Posted by Sebastien on the 2007/03/05 at 11:48
in Buffalo News, Charlie Munger, Hyperlocal, News, Newspapers, Revenues, Social networks, Warren Buffett, Washington Post -
Via the Washington Post
In his annual letter to his company’s shareholders, Warren E. Buffett– the world’s second-richest person and the largest shareholder of The Washington Post Co. — wrote that “fundamentals are definitely eroding in the newspaper industry” and warned that “the skid will almost certainly continue.” (…)
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