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Markets in the most I was.
Well that's what may surprise you Berkshire Hathaway -- Buffett's.
Latest move into that investment world is.
Newspapers they got turned to see a lot of credit limit -- dollars here with you next bottom line is we like to call it hadn't -- the very interesting story there isn't it.
Then -- -- Warren Buffett is expanding into the newspaper business he basically is buying newspapers out of a company.
That has lost money over the last five years let's take a look at what he's adding to his newspaper portfolio.
-- thirty added to his portfolio with the Omaha world herald which -- bought last November.
He also Buffalo News that's -- -- -- 3% stake in the Washington Post below the sliver of good that he's cutting his -- -- -- any notice he's not.
I'm investing in the big newspaper chains like the New York Times even though he's writing editorials for them.
Asking congress to raise his and everybody else's taxes so this is an interesting play what Warren Buffett is doing Media General also owns those television stations yet and that's India -- it just and that are just the papers yes and here's the deal didn't these community newspapers that he's buying are profitable.
And -- -- Media General is also turning itself into a TV station.
It's a great real estate play here also play on the company's debt.
When the debt improves because it's backed by Berkshire Hathaway that coupon is going to improve to.
But when you look at what he bought he did not buy for example the Tampa Bay newspaper which is a money loser in the Media General.
Pipeline he bought the profitable smaller community newspapers that have.
All loyal loyal base of good following but this is a switcheroo from what he said in 2009 let's take a look at that -- by 5% about newspapers in 2009 says potential for unending losses clearly not -- -- at -- price and I was saying there is a future for newspapers.
That exists where there's a sense of community so that's what is playing out stuff changes lightly -- it -- McDonald's thank you very much their bottom line.
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