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Buffett Says Free News Unsustainable, May Add More Papers [Bloomberg]
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. “This is an unsustainable model and certain of our papers are already making progress in moving to something that makes more [...]
Hearst hails age of the tablet, says readers willing to pay more for tablet editions [TabTimes]
“At Hearst, we see the arrival of the tablet, and the scale of the tablet market, as a significant media opportunity. There is a huge opportunity through a new distribution market”, said Duncan Edwards, CEO of Hearst Magazines International, when speaking in London. Edwards went on to assert that Hearst is looking to reach one [...]
Truth, Lies & Facebook Advertising [Forbes]
What is the real value of Facebook’s advertising business? One thing is for sure: Wall Street has no idea. And neither do Facebook advertisers. And therein lies the huge unspoken caveat to Facebook’s $86+ billion IPO. http://www.forbes.com/sites/eliseackerman/2012/05/14/truth-lies-facebook-adve…