AND NOT TO FORGET….Warren buffet’s berkshire currently holds 69 newspapers…..with over a dozen acquired in the last few years.
In warren’s words…..’ the economics of a typical newspaper may not be as good as they were say 2 decades back. But as far as delivery of local news is concerned( like what is happening in a particular city, what happened in a local high school match, local real estate prices etc)……newspapers still reign supreme’.
Therefore buying into newspaper companies might not be such a bad idea…..specially in India where the penetration of the internet is no where near the US.
DISC- Invested in Jagran Prakshan at Rs 134
| Subscribe To Our Free Newsletter |
