14 Jul '12, 9am

SPH’s falling newspaper circulation and why Buffett is buying newspapers

SPH’s falling newspaper circulation and why Buffett is buying newspapers

“I would rather buy newspapers myself directly…I like buying individual papers at the right price. The prices should be low because their revenues are going to decline over time. We are not buying into a business where revenues are going to increase. We have to buy them at the right price. We have to buy papers that are subject to less erosion because they have lost their primacy.”

Full article: http://www.investmentmoats.com/money-management/dividend-...

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