The Tribune Co. officially emerged from bankruptcy Monday with a new board including former Yahoo exec Ross Levinsohn and former Disney exec Peter Murphy. The company plans to sell off its 23 television stations, eight daily newspapers and stakes in websites like CareerBuilder.com. Read more »
Newspaper companies are trying to cut costs by shutting down the printing presses and laying off staff, but unless they have a strategy for managing the transition from print to digital, all they are doing is liquidating the goodwill of a generation of readers and advertisers. Read more at GigaOM »
Is Warren Buffett’s recent acquisition of the Media General chain a brilliant gamble, or an indication of his faith in the long-term prospects of newspapers? Clay Shirky argues it is neither — he says Buffett misunderstands some fundamental things about the business he has bought. Read more at GigaOM »
The Oracle of Omaha acquired his hometown newspaper in January and just snapped up dozens more in a $142 million deal. This is supposed to be the fastest declining industry in America. What is Warren Buffett up to? Read more »
Yahoo CEO Scott Thompson apologized to his staff but has yet to explain how he wound up being credited for a degree he didn’t get. Meanwhile Third Point’s Daniel Loeb turns up the heat in a proxy battle that may claim a CEO. Read more »
The newspaper industry is savoring some good news with the announcement that Berkshire Hathaway is taking over the Omaha World-Herald Compan… Read more »
Warren Buffett is leaving the Washington Post Co. (NYSE: WPO) board when his current term expires in May. He first served on the board from… Read more »
Some news from AOL (NYSE: TWX) as CEO Tim Armstrong moves from a media tour that started with a wave of interviews and wound up on stage at… Read more »
Warren Buffett will keep the Buffalo News and a stake in the Washington Post Company (NYSE: WPO) — but won’t play white knight for the news… Read more »
