Can the Financial Times Fight Off Murdochs Marauders?
TOOLS: Email this page SHARETHIS.addEntry({ “title”: “Can the Financial Times Fight Off Murdoch\’s Marauders?”, “url”: “http://www.freepress.net/news/25576”, “summary”: “In his annual letter to shareholders, published last March, Warren Buffett devoted some space to the newspaper industry.”, “content”: “\x3cp\x3eIn his annual letter to shareholders, published last March, Warren Buffett devoted some space to the newspaper industry. He is no media mogul, but Buffett\’s opinion on any industry is always worthy of note.\x3c/p\x3e\n\x3cp\x3eHe is the greatest living capitalist \x26mdash; a brilliant investor, a scourge of corporate excess and a philanthropist without ego \x26mdash; and he believes that the underlying economics of the newspaper business are crumbling, that the economic potential of newspaper websites is no more than marginal and that the days of \’lush profits\’ are over.\x3c/p\x3e\n\x3cp\x3e\’Almost all newspaper owners realise they are losing ground in the battle for eyeba
