Wednesday, March 6, 2013

Warren Buffet supports the Ode Street Tribune

Warren Buffet, the financial wizard of Omaha, has strongly endorsed newspapers such as the Ode Street Tribune.  Buffet wrote in his recent letter to shareholders of Berkshire Hathaway:
If you want to know what’s going on in your town – whether the news is about the mayor or taxes or high school football – there is no substitute for a local newspaper that is doing its job. A reader’s eyes may glaze over after they take in a couple of paragraphs about Canadian tariffs or political developments in Pakistan; a story about the reader himself or his neighbors will be read to the end. Wherever there is a pervasive sense of community, a paper that serves the special informational needs of that community will remain indispensable to a significant portion of its residents.
Buffet has identified what makes the Ode Street Tribune so financially successful relative to most other major newspapers.  But have no fear.  The Tribune will not allow a large financial conglomerate, a multinational corporation, a business chain based in a faraway city, or any sort of profitable business whatsoever to acquire the Tribune.  The Tribune will continue to do its job for its readers as a fiercely independent, financially stable, well-managed business headquartered right here in Rosslyn.

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