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Author Topic: MEDIA GENERAL SELLING 63 NEWSPAPERS TO WARREN BUFFETT ($142 MILLION)  (Read 191 times)
gregg75
STOP THE PRESSES !!!
rimember

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MEDIA GENERAL SELLING 63 NEWSPAPERS TO WARREN BUFFETT ($142 MILLION)
« on: May 17, 2012, 11:42:02 AM »

ARE NEWSPAPERS A THING OF THE PAST?

Media General is selling all but the Tampa Tribune.

http://www.deadline.com/2012/05/media-general-shares-soar-after-warren-buffett-agrees-to-buy-its-newspapers/
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rimember

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Re: MEDIA GENERAL SELLING 63 NEWSPAPERS TO WARREN BUFFETT ($142 MILLION)
« Reply #1 on: May 17, 2012, 01:29:03 PM »

The over 50 crowd still loves them. My current job places me in a club with a lot of people over 50 who would never even consider reading a newspaper online. Of course they are busy playing cards, backgammon and chess.

So there is a market, but like the "old gray mare," she ain't what she used to be.
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