Warren Buffett's Berkshire buys another paper (TheAustralian) Berkshire Hathaway Inc. (NYSE:BRK.A)'s newspaper division BH Media Group yesterday said it would buy the Roanoke Times from Virginia's Landmark Media Enterprises for an undisclosed sum. The amount is probably a "very low multiple of current earnings," which is what Warren Buffett has said he considers an appropriate price for a newspaper. Analysts translate "low" as two to three times earnings. With a daily circulation of 76,000, the Roanoke paper is the newest addition to a stable of 28 dailies that Berkshire Hathaway Inc. (NYSE:BRK.A) has bought in the past year-and-a-half. Other papers include the Omaha World-Herald, the Winston-Salem Journal and the Richmond Times-Dispatch. Berkshire Hathaway Inc. (NYSE:BRK.A) also owns the Buffalo News, but it's not part of BH Media Group.
Let’s remember: Warren Buffett’s power play is to make money (LasvegasSun) Shouts of joy rang out among Nevada’s political elite on the news that an entity owned by famed investor Warren Buffett is buying the state’s electric monopoly, NV Energy, Inc. (NYSE:NVE). Here was the response of state Sen. Kelvin Atkinson, Democratic chairman of the Commerce, Labor and Energy Committee, on Twitter: “WOW the (majority leader) and I just got off the phone with Warren Buffett. What a vote of confidence for NV Energy, Inc. (NYSE:NVE) as he aquires (sic) NV Energy, Inc. (NYSE:NVE)! He is excited to be able to do business in the State of Nevada. He was married right here in NV Energy, Inc. (NYSE:NVE), 41 years ago!”
Warren Buffett Is Not Irreplaceable for Berkshire (Fool) Is Warren Buffett irreplaceable? Can Berkshire Hathaway Inc. (NYSE:BRK.A) continue thriving without its genius leader? Buffett is clearly a unique person and an exceptional business leader, and he will be missed by all those who love the markets and investing ... even more by Berkshire investors. However, given the size of the company, and its current approach to investing, Berkshire Hathaway Inc. (NYSE:BRK.A) will most likely continue making great investments and increasing shareholder value in the long term, even without Warren Buffett.
Warren Buffett Doesn't Care About Keystone XL (DailyFinance) When TransCanada first announced its plan to construct the Keystone XL pipeline, I'm sure company executives never thought it would wind up as one of the most polarizing environmental symbols in recent memory. Nor could they have predicted that the approval process would take, well, forever. The exceedingly long duration of that process has allowed the Keystone XL to grow from a large pipeline to a larger than life feedstock for environmental, political, and economic arguments, and even a conspiracy theory or two. Some have really taken to the notion, for example, that Warren Buffett has a hand in delaying the pipeline project in order to boost his railroad business.
How Warren Buffett Made His Fortune (InvestorPlace) Most investors are familiar with Warren Buffet, who is the man in command at Berkshire Hathaway Inc. (NYSE:BRK.A). Buffett is one of the most successful investors of all time, with a net worth placing him somewhere in the top three richest people in the world. His partner in crime was Charlie Munger, who has worked with him for the past 50 years. While most investors are familiar with the story of Berkshire Hathaway Inc. (NYSE:BRK.A), few seem to know how exactly Buffett made his first millions, that catapulted him to Berkshire Hathaway Inc. (NYSE:BRK.A) and the companies and stocks he owns through it.