[lbo-talk] NYT RIP May 2009?

Doug Henwood dhenwood at panix.com
Mon Feb 23 11:38:04 PST 2009


On Feb 23, 2009, at 2:24 PM, Mark Bennett wrote:


> In the pre-digital era Warren Buffet believed that predominant
> newspapers
> were an ultra-sound investment, and he would have snatched up The
> NYT for a
> mere billion or so in a heartbeat. I doubt that is the case now.
> He claims
> - or claimed - not to understand digital technology, but, even if
> true, I
> suppose someone has shown him Craigslist.

"The Internet will destroy more businesses than it creates."

- Rupert Murdoch, 1999



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