Why do America’s Newspapers Getting Bought Up by Billionaires ?

Jeff Bezos, John Henry, Warren Buffett, they are good businessmen. If they are such bad deals, why do good businessmen want them so badly?

Warren Buffett loves newspapers. He’s not looking to change the newspaper business, ditto for John henry. But Jeff Bezos wants to experiment. He wants to shift this medium and help it into the new age.

Warren Buffett’s explains his rationale for this strategy of a hyper-local approach this way:

Newspapers continue to reign supreme in the delivery of local news. 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.

Newspapers Are Billionaires’ Latest Trophies

America’s Newspapers Are Getting Bought Up by Billionaires

Before Bezos: The Billionaires Who Own America’s Newspapers

http://www.businessinsider.com/warren-buffett-buying-newspapers-2013-3

Can Billionaires Like Jeff Bezos and John Henry Save Newspapers?

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20 historic Olympic moments from doping to protests.

Olympic Controversies, Scandals, & Stardom
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Interactive: Olympic controversies
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Behind One Second of Trading

One second of trading on Dec. 5 provides a stark example of how frenetic trading can be in today’s high-octane computer-fueled stock market.

Earnings for the Bolingbrook, Ill., company were due to be released after the closing bell at 4 p.m. Eastern. At about 3:48 p.m., the trader issued an order to sell 26,000 shares of Ulta stock, according to people familiar with the trading.
Instead of selling the stock at the current market price, the trader decided to sell it at the price it fetched at the close of trading, a common strategy fund managers employ when selling big blocks of stock. The heavy trading that typically accompanies the close can minimize the impact of a big trade on the price of the stock.

At 4 p.m., Ulta’s stock was changing hands for about $122 a share.

About 150 milliseconds after 4 p.m., Business Wire released Ulta’s earnings, according to people familiar with the timing of the release. The earnings results missed analyst expectations, a sign for traders to sell.

Within about 50 milliseconds, in a series of rapid-fire trades, about 6,200 shares of Ulta’s stock were sold on New York stock exchanges for nearly $122, totaling nearly $800,000.

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Twitter’s retention rate somewhere in the mid-20 percent range.

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The Biggest Threat To Markets That Is Most Likely To Happen Has All But Fallen Off The Radar

Richard McGuire, head of rates strategy at Rabobank, warns in a weekly note to clients that the groundwork is being laid in Europe for a crisis accelerant down the road.

Friday, Germany’s constitutional court refrained from issuing a ruling on the legality of the European Central Bank’s Outright Monetary Transactions (OMT) program, which has been credited with restoring calm to eurozone financial markets since the summer of 2012.

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#longread Putins Olympic Fever Dream

Despite all the criticism, the games in Sochi will take place, and they will most likely be deemed a triumph, a validation of Putin’s leadership, unless of course disaster strikes in the form of terrorism or some other tragedy.

http://www.nytimes.com

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Norway itself is a Winter Olympics marvel

Norway itself is a Winter Olympics marvel: With only five million people, it has won 303 Winter Olympic medals, far more than any other country on the planet. To find a country smaller than world-leading Norway on the all-time Winter Olympics medal table, you have to travel down to Croatia, which ranks 24th with 11 medals.

“How is it possible that an area of about 400,000 people can be responsible for eight out of nine gold medals?” said Stig Arve Sæther, a researcher at the Norwegian University of Science and Technology (NTNU).

If Norway Wins Medal Count at 2014 Sochi Winter Games, One Region’s Culture and Lifestyle May Explain Why

 

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