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Warren Buffett, whose Berkshire Hathaway Inc. (BRK/A) struck a deal this month to acquire 63 newspapers, said he may buy more publications as the industry rethinks whether to offer free content on the Internet. Berkshire is the largest shareholder of Washington Post Co. (WPO) and purchased the World-Herald last year. Buffett said the company’s newspapers won’t “move the needle in terms of Berkshire’s economic value” in a letter. Read Story
Taking a look at the fundamentals, 2010 earnings estimates were for $24.36, they surprised at $38.15, 2011 est called for $19.71 they came in at $24.02. For 2012 & 2013 estimates are $20.17 & $18.63, respectively. Currently trading at $345 the stock trades at a forward p/e of 17 with a 2.85% yield.