Happy Birthday, Winston-Salem Journal!

Happy Birthday, Winston-Salem Journal and all the best to its reporters who are out covering stories during a pandemic. That being said, I would like to wish a plague on Berkshire Hathaway for not investing in the Journal, despite having the financial resources to do so. Warren Buffett lied when he said that he loved newspapers and valued them as important community resources. Berkshire Hathaway recently “sold” the W-S Journal and many other newspapers to Lee Enterprises, a cost-cutting corporate outfit that doesn’t inspire confidence in the paper’s future. The city’s newspaper of record officially turns 123 years old today.

The Only Papers Warren Buffett Cares About Are Financial Documents

Earlier this week, Warren Buffett bailed on the newspapers that he purchased less than a decade ago. That’s uncharacteristic for Buffett. Berkshire Hathaway, the massive conglomerate that Warren Buffett controls, typically acquires assets for the longterm, even when they lose money. Buffett’s so-called “love affair with newsprint” is over. The truth is Buffett never showed much love to the small to medium-sized newspapers that Berkshire Hathaway amassed.

Warren Buffett Tacitly Admits Newspapers Are More Difficult To Produce Than Bottles Of Ketchup

Warren Buffett’s Berkshire Hathaway Media just announced a partnership with Lee Enterpises Inc.

The Oracle of Omaha, the billionaire that it’s okay to like-if you don’t look too closely, Warren Buffett knows how to cut deals. But clearly, he doesn’t know how to run newspapers. Buffett’s life work has been relentless acquisitions; transforming Berkshire Hathaway from a struggling textile company into a Wall Street mega-conglomeration of unrelated companies and stock portfolios. He’s great with numbers, corporate earnings reports, etc. But it turns out, he’s not very good with running newspapers.

Against Their Will: The Journal, News And Record Layoff Workers To Aid Buffets Bottom Line

 

Today is another sad day for local journalism in the Triad and beyond. The Winston-Salem Journal and Greensboro News & Record just laid off more workers, including journalists. Warren Buffett’s Berkshire Hathaway, the parent corporation of the Journal, News & Record and many other small and medium-sized newspapers is cutting costs even as its publication’s page views are increasing. Warren Buffett is famous for playing the long game in stocks. But Buffett isn’t demonstrating the same patience with his newspapers.

The Camel City Dispatch: If Not Already Dead, Appears To Be Mortally Wounded

The Twin City Sentinal ended its run as an independent newspaper when it merged with the Journal in 1985. It’s hard to say exactly when the Camel City Dispatch died. Was it this year or the year before? But there is little doubt that CCD is dead. Camel City Dispatch is a local journalism project that came to Winston’s mobile devices, tablets, and PCs in 2012.

After Five Years It’s Clear, Warren Buffett Isn’t Going To Save The Winston-Salem Journal

Back in May 2012, Warren Buffett’s Berkshire Hathaway bought the Winston-Salem Journal and a host of other small and medium-sized papers from Media General. Five years ago there was optimism that Warren Buffett would reinvigorate the Journal. Sadly, five years later, we now know better. Buffett hasn’t invested in our local paper, it’s just another asset to him. Sunday’s Winston-Salem Journal had an excellent cover story on Kalvin Michael Smith.

The Winston-Salem Journal’s Coverage of Kalvin Michael Smith Is Cockamamie

The Winston-Salem Journal is in a tough spot. Our community’s newspaper of record announced layoffs earlier this month. The Journal has been cutting staff and reducing the amount of content it offers for years. WFDD argues that the Journal and other newspapers are continuing to adjust to digitization. Pre-internet the newspaper was king, today’s information age has newspapers scrambling to re-invent themselves.

Warren Buffet Should Make The Winston-Salem Journal Great Again

Readers of the Winston-Salem Journal have been treated to a wealth of articles over the past few days. Typically the Journal has one or two articles a day that are worth reading, supplemented with sports and advertising. But a confluence of events; the upcoming of elections and British American Tobacco’s recently announced bid to purchase Reynolds American has caused the Journal to dramatically increase its output, like the days of old. Last Friday, the Journal had a good article on early voting. Below the fold there was an informative piece on infant mortality rates in Forsyth County.