Friday, July 3, 2009

Neat Buffett Quote About Newspapers

This article regarding the Brk-A 2009 shareholder meeting is pretty neat. Big Wb says newspapers continue to see unending losses, but that he won't sell the Buffalo Evening News or the Washington Post. Wowzers this doesn't make sense to me! Big WB says that they will make a little bit of money off of the Buffalo Evening news, but what about the Washington post? Is Kaplan really that profitable? Are people going to continue to buy high rpiced education these days? This says Kaplan is worth half of the Post's revenue. Wow big WB sure is smart not to sell wpo! Or is he? What do you think?

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