Description: When Warren Buffett announced that his company, Berkshire Hathaway, was buying 63 newspapers from Media General on May 17, he issued a soaring statement about his belief in a beaten-down industry.

Source: Busineweek.com

Date: May 17, 2012

Link: http://www.businessweek.com/articles/2012-05-17/why-warren-buffett-really-likes-newspapers

Questions for Discussions:

• Do you think this is a wise investment?
• Did he get a great deal on these investments?
• What are some other financial ratios you would consider before investing in media?
• How could these investments become great internet properties as well?