What is the latest pick by warren buffet?

June 15, 2012   ·   0 Comments

warren-buffett

Unfazed by predictions of the death of newspapers, billionaire is pumping more money into print. Buffett said he was interested in buying more newspapers that have strong ties to their communities.  He said Berkshire “will probably purchase more papers in the next few years” and that he will “favor towns and cities with a strong sense of community.”

 

Latest Purchase of Warren Buffet:

warren-buffettThe Omaha World-. said Tuesday it has agreed to buy the Bryan-College Station (Texas) Eagle newspaper from the Evening Co. of Charleston, S.C. The purchase, for an , is to close June 30. Buffett’s holding company late last year bought his hometown newspaper, the Omaha World-Herald, along with related assets in a USD 200 million deal some analysts viewed as a sentimental move

 In the past year, one of the world’s and sharpest investors has put some USD 300 million into an industry that some view as heading the way of the .

Other Newspaper Holdings of Warrren Buffet:

He followed with a USD 142 million deal last month to buy Media General, a chain of 63 newspapers.  He added USD 2 million to Lee Enterprises, owner of the St. Louis Post Dispatch and Arizona .  That is in addition to other holdings, including The Buffalo News and a stake in The Washington Post Company. 

 

  for Newspaper Industry:

Still, the investment comes amid dire predictions for the newspaper industry, which has been battered by sharp drops in print circulation and advertising, and getting only modest revenues from online services.

 A research note from the financial firm Moody’s earlier this month gave the US newspaper industry a “negative” outlook, saying that are failing to make up for “significant secular pressures.”

 

“Although newspaper companies seek to capitalize digital revenue through an array of channels, it’s unlikely that these gains will be large enough to offset print losses,” Moody’s analyst John Puchalla wrote. “A complete transformation away from print entirely would eliminate the sizable costs of print production and distribution, but the revenue loss is still too great for companies to make the switch yet.”

Indian 5 Major Newspaper Publications:

Let us talk about India and check out the 5 major newspaper publication in India:

  • The Hindu Group
  • HT Media
  • Indian Express Limited
  • Metropolitan Media Company
  • The Times Group

 Check out this link to know more: How to master the art of Investing – The Warren Buffet way.

Check out this Video where Warren Buffet advise how to invest in Stocks:

 

US billionaire investor and philanthropist Warren Buffett’s advice to Indian equity investors is “Invest in what you understand…don’t go outside your circle of confidence…don’t just buy and sell”. Buy into businesses where you feel there is some kind of sustainable economic advantage over time, he adds.

Know about Indian Warren Bufet – Rakesh Jhunjhunwala and his latest portfolio here:

 

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Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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