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1. APR 27 2009 11:06PM ET
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Warren Buffett's 1992 prediction of the decline of
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SLATE Online-Only Website USA
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 View IN BUFFETT'S VIEW, A STRONG TRADEMARK LIKE COCA-COLA) OR A BROADCAST LICENSE AS WITH RADIO AND TV STATIONS) OR NEAR-MONOPOLY POSITION IN THE MARKET AS WITH THE WASHINGTON POST OR THE BUFFALO NEWS THE LATTER OF WHICH BERKSHIRE HATHAWAY OWNS) CAN CONVEY FRANCHISE POWER ON A COMPANY. STILL, INCREASED CONSUMER CHOICE FOR INFORMATION AND ENTERTAINMENT HAS REDUCED SUCH MEDIA FRANCHISES FROM CASH CORNUCOPIAS TO MERE MONEY-MAKING DOLLARS ARE DOLLARS WHETHER THEY ARE DERIVED FROM THE OPERATION OF MEDIA PROPERTIES OR OF STEEL MILLS. WHAT IN THE PAST CAUSED BUYERS TO VALUE A DOLLAR OF EARNINGS FROM MEDIA FAR HIGHER THAN A DOLLAR FROM STEEL WAS THAT THE EARNINGS OF A MEDIA PROPERTY WERE EXPECTED TO CONSTANTLY GROW WITHOUT THE BUSINESS REQUIRING MUCH ADDITIONAL CAPITAL) WHEREAS STEEL EARNINGS CLEARLY FELL IN THE BOB-AROUND CATEGORY.
View PERMANENT DISCLOSURE: IS OWNED BY THE WASHINGTON POST CO. RUNS A "PRESS BOX" CORRECTION. FOR E-MAIL NOTIFICATION OF ERRORS IN THIS SPECIFIC COLUMN, TYPE THE WORD PHOTOGRAPH OF WARREN BUFFET BY MICHAEL BUCKNER/GETTY IMAGES. MEDIA CRITICISM. NEWSPAPER DEATH FORETOLD BY WARREN BUFFETT!
NEWSPAPER DEATH FORETOLD BY WARREN BUFFETT!IN 1992, THE ORACLE OF OMAHA PREDICTED THE DECLINE OF NEWSPAPERS, MAGAZINES, AND TV. POSTED MONDAY, APRIL 27, 2009, AT 7:06 PM ET PERHAPS THE MOST PRESCIENT VOICE ON THE FATE OF NEWSPAPERS HAS BEEN BERKSHIRE HATHAWAY CHAIRMAN OF THE BOARD WARREN E. BUFFETT. DISCLOSURE: BUFFETT IS A WASHINGTON POST CO. DIRECTOR. BERKSHIRE HATHAWAY IS ALSO A MEGA-INVESTOR IN THE POST CO. WHICH OWNS BECOME PART OF THE LINGUA FRANCA, BUFFETT DECLARED THAT "NEWSPAPER, TELEVISION, AND MAGAZINE PROPERTIES" WERE LOSING THEIR STATUS AS PROFIT-SPEWING YEAR BEFORE, BUFFETT WROTE: AN ECONOMIC FRANCHISE ARISES FROM A PRODUCT OR SERVICE THAT: 1) IS NEEDED OR DESIRED; 2) IS THOUGHT BY ITS CUSTOMERS TO HAVE NO CLOSE SUBSTITUTE AND; |
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2. APR 27 2009 12:00PM CT
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Noon News
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Nielsen Audience: 19,990
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KMTV-CBS Television OMAHA, NE, MARKET RANK: 76
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| 30-Second Ad Equivalency: $125 |
| [**12:10:57 PM**] WRITING THIS YEAR ABOUT OMAHA'S RICHEST MAN? TODAY WE PLAY THE BUFFETT NAME GAME WITH NANCY RIPS FROM THE BOOKWORM. NANCY: NO MATTER WHAT'S HAPPENING WITH THE STOCK MARKET, THIS WEEKEND THOUSANDS OF PEOPLE FROM ALL OVER THE WORLD WILL ARRIVE AT OMAHA'S QWEST CENTER, TO HEAR WORDS OF WISDOM FROM THE ONE AND ONLY WARREN BUFFET. 100'S OF BOOKS HAVE BEEN HAPPENING WITH THE STOCK MARKET, THIS WEEKEND THOUSANDS OF WRITING THIS YEAR ABOUT OMAHA'S RICHEST MAN? TODAY WE PLAY THE BUFFETT NAME GAME WITH NANCY RIPS FROM THE BOOKWORM. NANCY: NO MATTER WHAT'S HAPPENING WITH THE STOCK MARKET, THIS WEEKEND THOUSANDS OF PEOPLE FROM ALL OVER THE WORLD WILL ARRIVE AT OMAHA'S QWEST CENTER, TO HEAR WORDS OF WISDOM FROM THE ONE AND ONLY WARREN BUFFET. 100'S OF BOOKS HAVE BEEN WRITTEN ABOUT OUR COUNTRY'S MOST WELL KNOWN STOCK PICKER. ACCORDING TO PUBLISHER'S WEEKLY, NO OTHER LIVING PERSON, ASIDE FROM USPRESIDENTS, IS NAMED IN SO MANY TITLES, EXCEPT THE DALAI LAMAS. JUST TO NAME DROP A FEW HERE'S THE WARREN BUFFETT WAY, THE REAL WARREN BUFFETT, PICK STOCKS LIKE WARREN BUFFTT, A WEEKEND WITH WARREN BUFFET, AND JUST LAST FALL THE SNOWBALL, WARREN BUFFETT AND THE BUSINESS OF LIFE BY ALICE SCHROEDER WAS RELEASED. THIS WAS FASCINATING BECAUSE WARREN BUFFET HAD NEVER AUTHORIZED ANYONE TO WRITE A BOOK ABOUT HIM BEFORE, AND THE AUTHOR ALICE SCHROEDER WAS GIVEN UNLIMITED ACCESS TO FAMILY, FRIENDS, AND BUSINESS ASSOCIATES. 2. BUT NOW THERE ARE NEWER TITLES, RELEASED JUST IN TIME TO BE FEATURED AT THE BERKSHIRE HATHAWAY'S ANNUAL SHAREHOLDER'S MEETING THIS YEAR. ONE THAT'S MAKING NEWS IS DEAR MR. BUFFETT, WHAT AN INVESTOR LEARNS 1,269 MILES FROM WALL STREET WRITTEN BY FINANCIAL ADVISOR JANET TAVAKOLI. IT'S DIFFERENT THAN THE OTHER BOOKS BECAUSE IT BEGAN AS AN INVITATION FROM BUFFETT TO TAVAKOLI- IF YOU'RE EVER IN OMAHA AND WANT TO TALK DERIVATIVES, BE SURE TO STOP BY. |
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3. APR 27 2009 12:00PM CT
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Noon News
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Nielsen Audience: 19,990
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KMTV-CBS Television OMAHA, NE, MARKET RANK: 76
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Run Time: 1:01 Calculated Publicity Value: $762
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| 30-Second Ad Equivalency: $125 |
[**12:16:13 PM**] DEAR MR. BUFFETT MAKES YOU FEEL LIKE YOU'RE AT LUNCH WITH THE BIG GUYS. 3. IF YOU WANT TO FEEL LIKE YOU'RE INSIDE THE QWEST CENTER THIS SATURDAY, PICK UP THE NEW PILGRIMAGE TO WARREN BUFFET'S OMAHA, BY HEDGE FUND FOUNDER JEFF MATHEWS. HE WRITES "WELCOME TO WOODSTOCK OF OMAHA. HERE ARE DISPATCHES FROM INSIDE THE MEETING.
[**12:17:33 PM**] I THINK HE'S DONE MORE THAN JUST SHOW UP. IT'S A LOVELY SMALL BOOK SHOWING UP FOR LIFE, THE AUTHOR BILL GATES, SR. UP NEXT TAGGE RUTHERFORD WITH INFORMATION ON HOW BUFFETT'S COMPANY BERKSHIRE HATHAWAY'S BEEN PERFORMING. FIRST HERE'S TODAY'S ACTION ON WALL STREET. |
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4. APR 28 2009 5:00PM CT
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Bloomberg Live
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BLOOMBERG Television NATIONAL
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Run Time: 0:21 Calculated Publicity Value: $504
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| 30-Second Ad Equivalency: $240 |
| [**05:49:53 PM**] A LOT OF CONCERN. UP NEXT, A BIG WEEKEND. BERKSHIRE HATHAWAY HOLDS THEIR ANNUAL SHAREHOLDERS MEETING. WE WILL ALSO HAVE A DISCUSSION ABOUT WHO WILL TAKE OVER FOR WARREN BUFFET. WE WILL DISCUSS THIS WHEN RETURN. |
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5. APR 29 2009 12:00PM CT
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FOX BUSINESS NEWS 12P
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FBN Television NATIONAL
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Run Time: 0:51 Calculated Publicity Value: $4,080
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| 30-Second Ad Equivalency: $800 |
[**12:56:54 PM**] Preview Clip NEXT CASE, THANK YOU, DIANE. YOU'RE WELCOME. IF YOU'RE ON THE EDGE OF YOUR SEAT TO HEAR ABOUT WARREN BUFFET'S EARNINGS RESULT, YOU HAVE TO KEEP WAITING. "THE ASSOCIATED PRESS" LEARNED BURK SHIRE HATHAWAY WILL NOT RELEASE BEFORE THE MEETING. NOT THIS TIME. BERKSHIRE HATHAWAY STOCK, NO RESPONSE AT ALL. UP 3% THAT'S STILL HALF WHAT IT WAS NOT TOO LONG AGO.
[**12:57:24 PM**] Preview Clip THAT'S STILL HALF WHAT IT WAS NOT TOO LONG AGO. A REMINDER. SENT YOUR VIDEO QUESTIONS FOR WARREN BUFFET, LIZ CLAMAN WILL COVER BERKSHIRE HATHAWAY'S MEETING ALL WEEKEND. STARTING FRIDAY. SOME QUESTIONS WILL COME FROM YOU. |
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6. APR 29 2009 11:00PM CT
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Nightly Business Report
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PBS Television NATIONAL
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Run Time: 0:32
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[**11:16:30 PM**] SUSIE: BERKSHIRE HATHAWAY IS BREAKING TRADITION, BILLIONAIRE WARREN BUFFETT'S FIRM WILL ISSUE QUARTERLY RESULTS MAY 8. THAT'S A WEEK AFTER THE USUAL RELEASE DATE: THIS WEEKEND'S ANNUAL MEETING. 35,000 PPLE ARE EXPECTED TO ATTEND THE TWO-DAY EVENT IN OMAHA, KNOWN AS, WOODSTOCK FOR CAPITASTS.
[**11:16:52 PM**] I'LL BE THERE TOO. ON FRIDAY I'LL BRING YOU A RARE INTERVIEW WITH BUFFETT'S INVESTING PARTNER FOR THE PAST 50 YEARS, CHARLIE MUNGER. AND MONDAY, MY INTERVIEW WITH WARREN BUFFET. PAUL INVESTORS FROM AROUND T WORLD WILL BE FOLLOWING THIS WEEKEND'S MEETING. |
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7. APR 29 2009 5:00PM ET
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WBIR 5pm News
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Nielsen Audience: 49,877
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WBIR-NBC Television KNOXVILLE, TN, MARKET RANK: 59
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Run Time: 0:29 Calculated Publicity Value: $1,836
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| 30-Second Ad Equivalency: $633 |
| [**06:07:38 PM**] Preview Clip POLICE ARE STILL LOOKING FOR THE SUSPECT. CLAYTON HOME'S HIGH TE CH HOME, IS ABOUT TO GET NATION-WIDE EXPOSURE. A FULL-SIZE I-HOUSE WILL BE ON DISPLAY AT THE ANNUAL SHARDHOLDERS MEETING OF BERKSHIRE-HATHAWAY IN NEBRASKA THIS WEEKEND. THAT'S THE COMPANY HEADED BY BILLIONARE INVESTOR WARREN BUFFET, AND THE GROUP THAT PURCHASED CLAYTON HOMES IN 2003. WE INTRODUCED YOU TO THE I-HOUSE IN A LIVE GREEN AT HEART" SEGMENT. THE MANUFACTURED HOME HAS ENERGY EFFICIENT APPLIANCES, LOW EMISSION PAINT AND BAMBOO FLOORS. |
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8. APR 29 2009 6:00PM CT
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Evening News
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Nielsen Audience: 47,225
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KETV-ABC Television OMAHA, NE, MARKET RANK: 76
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Run Time: 1:13 Calculated Publicity Value: $3,651
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| 30-Second Ad Equivalency: $500 |
[**06:09:19 PM**] A PEP TALK FOR EMPLOYEES KICKS OFF THE START OF A LONG DAY AND THE BIGGEST WEEK IN BUSINESS. BOB BATT: THEY'RE GOING TO HAVE MORE PEOPLE HERE THAN EVER, AND THAT'S JUST THE TESTAMENT TO WARREN BUFFET. EVEN IN GOOD TIMES, WARREN BUFFETT, AND HIS STOCKHOLDER MEETING GETS A LOT OF ATTENTION WITH THE ECONOMY STRUGGLING, IT'S EXPECTED MORE PEOPLE THAN EVER WILL WANT TO HEAR FROM THE 'ORACLE OF OMAHA'( DANA MARKEL: THEY HAVE RELEASED 35-THOUSAND CREDENTIALS THIS YEAR THAT IS UP FROM LAST YEAR. IN FACT THAT'S 10-THOUSAND MORE THAN WE HAD TWO YEARS AGO. BERKSHIRE HATHAWAY SHAREHOLDERS WEEK BEGAN ON TUESDAY. IN IT'S 26TH YEAR THE WOODSTOCK OF CAPITALISM IS OUT IN FULL FORCE TO CAPTURE CONSUMERS FROM AROUND THE WORLD. WITH OR WITHOUT GREY SKIES.
[**06:10:03 PM**] WITH OR WITHOUT GREY SKIES. BOB BATT: THESE LAST NINE MONTHS HAS BEEN THE BIGGEST CHALLENGE TO OUR ECONOMY AND OUR BUSINESS THAT WE HAVE EVER SEEN. BERKSHIRE HATHAWAY STOCKS ARE DOWN, AND SPENDING HAS SLOWED. BUT STILL RECORDS ARE EXPECTED TO BE BROKEN MUCH OF THAT TO THE ECONOMY AND BUFFETS BIG NAME. BOB BATT: HE IS THE ULTIMATE IN FINANCIAL INTELLIGENCE SO CONSEQUENTLY IT ATTRACTS PEOPLE. |
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9. APR 30 2009 3:03PM ET
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Top 10 Questions For Warren Buffett This Weekend
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CNBC.COM Television Website USA
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View COM BLOG, BULLISH ON BOOKS. SHE REVIEWS THE BOOKS THAT COME IN TO CNBC AND WORKS WITH THE SHOWS TO DECIDE WHICH AUTHOR HAS A GOOD ENOUGH STORY TO BE FEATURED ON OUR SITE OR ON OUR AIR. BELOW IS A GUEST BLOG WRITTEN BY JEFF MATTHEWS AUTHOR OF "PILGRIMAGE TO WARREN BUFFETT'S OMAHA: A HEDGE FUND MANAGER'S DISPATCHES FROM INSIDE THE BERKSHIRE HATHAWAY ANNUAL MEETING" WELL, THE VOTES ARE IN, AND THE "TOP TEN QUESTIONS WE'D LIKE TO SEE WARREN BUFFET ASKED" CONTEST HELD ON MY JEFFMATTHEWSISNOTMAKINGTHISUP BLOG DREW 74 ENTRIES AND YIELDED TEN TOP QUESTIONS I REALLY WOULD LIKE TO SEE WARREN BUFFETT ASKED THIS SATURDAY AT THE BERKSHIRE HATHAWAY ANNUAL SHAREHOLDER MEETING. IF OUR LIST IS ANY INDICATION AND TO BE CLEAR, THERE IS NO GUARANTEE OUR READERS' QUESTIONS WILL BE ASKED) WE HAVE A GOOD IDEA WHAT WILL BE ON BERKSHIRE INVESTORS' MINDS THIS SATURDAY IN OMAHA. THE SINGLE MOST-ASKED QUESTION WE RECEIVED CONCERNED BERKSHIRE'S BAD DERIVATIVES EXPERIENCE LAST YEAR.
View DOES BERKSHIRE HAVE A REPLACEMENT IN MIND FOR AJIT JAIN, BERKSHIRE'S INSURANCE ACE?MIGHT SEEM OBSCURE TO THOSE WHO DON'T KNOW MUCH ABOUT BERKSHIRE BEYOND WARREN BUFFETT AND CHARLIE MUNGER. BERKSHIRE HATHAWAY WILL RELEASE Q1 EARNINGS ON MAY 8 AS USUAL! DATA IS A REAL-TIME SNAPSHOT DATA IS DELAYED AT LEAST 15 MINUTES GLOBAL BUSINESS AND FINANCIAL NEWS, STOCK QUOTES, AND MARKET DATA AND ANALYSIS |
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10. APR 30 2009 6:00PM CT
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Evening News
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Nielsen Audience: 39,059
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WOWT-NBC Television OMAHA, NE, MARKET RANK: 76
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Run Time: 0:50 Calculated Publicity Value: $2,001
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| 30-Second Ad Equivalency: $400 |
[**06:00:53 PM**] THE PATIENT CONTINUES TO RECOVER IN OMAHA. HEALTH OFFICIALS RECOMMEND HE POSTPONE ANY TRAVEL FOR A WEEK. MORE THAN 35-THOUSAND BERKSHIRE HATHAWAY SHAREHOLDERS ARE EXPECTED IN OMAHA THIS WEEKEND. WITH DOMINATING THE HEADLINES ORGANIZERS WANT TO REASSURE ALL OF US OMAHA IS READY FOR THE CROWD. JOHN CHAPMAN JOINS US WITH LIVE CONTINUING COVERAGE.
[**06:01:09 PM**] JOHN CHAPMAN JOINS US WITH LIVE CONTINUING COVERAGE. A LOT OF THOSE STOCKHOLDERS WILL BE FLYING INTO OMAHA. MOST OF THE WARREN BUFFET CROWD WILL MAKE STOPS AT THREE PLACES IN TOWN FOR SURE AND THEY'RE ALL GETTING READY FOR A BIG WEEKEND. JOHN HAIRE IS FROM FLORIDA IN TOWN FOR THE STOCKHOLDERS MEETINGJOHN SAYS HE LIKES OMAHA AND TALK OF A FLU VIRUS DIDNT STOP HIM FROM BEING HERE. JOHN HAIRE/STOCKHOLDER"NO I'M NOT CONCERNED I TRY TO WASHY MY HANDS AND THATS NOT A PROBLEM. |
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11. MAY 1 2009 12:00PM CT
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In Focus
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BLOOMBERG Television NATIONAL
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Run Time: 0:41 Calculated Publicity Value: $861
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| 30-Second Ad Equivalency: $210 |
| [**12:18:38 PM**] IT IS HARD TO BELIEVE IT IS 25 YEARS OLD ALREADY. I USED TO DRINK THOSE AS A LITTLE GIRL. BEING A BERKSHIRE HATHAWAY CO. YOU HAVE BEEN IN THE BUSINESS FULL SINCE 1998. HOW HAS THE COMPANY CHANGED SINCE BEING OWNED BY WARREN BUFFET? WE ARE ABLE TO MAKE DECISIONS FOR THE LONG TERM. WITH WARREN BUFFET'S SUPPORT, OUR FRANCHISEES'HAVE BEEN ABLE TO REINVEST IN THE BUSINESS. WE HAVE MORE REMODELING ACTIVITY GOING ON IN OUR SYSTEM THAN WE HAVE IN MANY YEARS. WE ARE EXPANDING INTERNATIONALLY AS WELL. |
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12. MAY 1 2009 9:00AM CT
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Market Pulse
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BLOOMBERG Television NATIONAL
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Run Time: 0:29 Calculated Publicity Value: $696
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| 30-Second Ad Equivalency: $240 |
[**09:11:06 AM**] TIME TO HEAD TO THE BERKSHIRE HATHAWAY ANNUAL SHAREHOLDERS MEETING. BETTY? THANK YOU SO MUCH.
[**09:15:28 AM**] WE CAME UP WITH THE DEVELOPMENT. WE INVESTED A LOT. THAT GOES INTO WARREN BUFFET'S OUTLOOK FOR IMPLEMENTING GREENER STRATEGIES. WE ARE ALMOST RUNNING OUT OF TIME. YOU'RE HAVING LUNCH WITH THE OTHER MANAGERS. |
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13. MAY 1 2009 7:00AM CT
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Starting Bell
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BLOOMBERG Television NATIONAL
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Run Time: 0:47 Calculated Publicity Value: $1,128
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| 30-Second Ad Equivalency: $240 |
[**07:04:16 AM**] BUT WE SAW BETTER THAN EXPECTED BOTTOM LINE PERFORMANCE. ONLY MAHA IS ABUZZ. THE BERKSHIRE HATHAWAY MEETING IS TODAY. BETTY LU IS THERE. WHAT ARE YOU INVESTORS HOPING TO HEAR?
[**07:04:41 AM**] PEOPLE TONIGHT HEAR MORE ABOUT THAT. THEY HAVE BEEN THE SUBJECT OF DOWNGRADE BY FITCH AND MOODY. AND SUCCESSION IS A KEY TOPIC IN TERMS OF WHO WILL SUCCEED WARREN BUFFET. I'M TOLD HE WILL EMPHASIZE AGAIN THAT THE CANDIDATES WILL BE FROM WITHIN THE COMPANY AND THAT RAISES NAMES. ACQUISITIONS ALWAYS A HOT TOPIC BECAUSE THE COMPANY HAS SO MUCH IN CASH. |
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14. MAY 1 2009 7:00AM CT
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Starting Bell
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BLOOMBERG Television NATIONAL
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Run Time: 2:54 Calculated Publicity Value: $4,176
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| 30-Second Ad Equivalency: $240 |
[**07:36:23 AM**] WE HAVE TO LEAVE IT THERE. THANKS TO MIKE JACKSON, IT IS THAT TIME OF YEAR, THE WOODSTOCK OF AMERICAN CAPITALISM. WARREN BUFFET'S MEETING TAKING PLACE TODAY. BETTY LIU IS LIVE WITH THE LATEST. WHAT DO INVESTORS HOPE TO HEAR?
[**07:37:51 AM**] HE WANTS IT BACK ON THE COMPANY. UP NEXT WE WILL TALK ABOUT ALL OF THOSE ISSUES WITH DAVID WINTERS OF WINNER GREENE ADVISORS ADVISORS. WINTER INVESTORS CONVENING FOR THE BERKSHIRE HATHAWAY MEETING. BETTY LIU IS THERE WITH WINTERGREEN FUND OWNER. DAVID, YOU HAVE BEEN TO 19 OF THESE MEETINGS, RIGHT.
[**07:39:40 AM**] ABSOLUTELY. MUST BE COMING UP TO A RECORD. YOU HAVE A VERY LARGE HOLDING IN BERKSHIRE HATHAWAY AND THE STOCK IS DOWN ABOUT 30% SINCE THE LAST MEETING. HOW HAS THAT AFFECTED YOUR PORTFOLIO AND WHAT WILL BE THE ONE THING YOU WANT TO HEAR FROM BUFFET? NO ONE LIKES WHEN SECURITIES GO DOWN. |
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15. MAY 1 2009 7:00AM CT
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Starting Bell
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BLOOMBERG Television NATIONAL
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Run Time: 1:03 Calculated Publicity Value: $1,512
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| 30-Second Ad Equivalency: $240 |
[**07:57:00 AM**] BETTY LI UFRN U COVERING FROM NEBRASKA THE ANNUAL MEETING TOMORROW. WHAT DO YOU HAVE FOR US THE NEXT HOUR IN WE HAVE A LOT FOR YOU THE NEXT HOUR. SCOTT BLACK A BERKSHIRE SHAREHOLDER WILL TALK ABOUT WHAT HE EXPECTS TO HEAR FROM WARREN BUFFET. ALSO, WE WILL BE TALKING TO SOME BIG WIGS LIKE THE VICE CHAIRMAN OF BERKSHIRE HATHAWAY. HE HAS TAKEN A STEP BACK BUT WE WILL ASK HIM WHERE EXACTLY HE EXPECTS BERKSHIRE TO GO, WHAT HE THINKS OF DERIVATIVES, SUCCESSION. A LOT OF TOPICS. AND SO A LOT TO TALK ABOUT WITH EVERYBODY HERE AT BERKSHIRE HATHAWAY. BACK TO YOU. LOOKING FORWARD TO IT, BETTY.
[**07:57:40 AM**] MORE TO COME. SCOTT BLACK AS WELL. GRADING WARREN BUFFET'S PERFORMANCE THE LAST YEAR. PLUS, PRESIDENT OBAMA LASHING OUT AGAINST A SMALL GROUP OF HEDGE FUNDS IN REGARDS TO CHRYSLER, |
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16. MAY 1 2009 12:00PM CT
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General Programming
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Nielsen Audience: 349,621
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CNBC-CABLE Television NATIONAL
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Run Time: 1:39 Calculated Publicity Value: $55,785
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| 30-Second Ad Equivalency: $5,635 |
[**12:17:56 PM**] THE WAR ISN'T OVER, THOUGH. WELL, IT MAY NOT BE OVER, BUT LET'S FIND OUT WHERE WE ARE IN THE CYCLE. WARREN BUFFET GIVING BECKY QUICK HIS TAKE ON THE ECONOMY. MICHELLE AND HER FAMILY DESCEND ON OMAHA FOR THIS WEEKEND'S ANNUAL MEETING. ONE LEGENDARY INVESTOR ALSO IN THE MIX.
[**12:18:46 PM**] I MET BUFFET SOMEWHERE IN THE '70S WHEN I WAS ANALYZING PINKERTONS. I WAS RESPONSIBLE AND HE WAS BUYING PINKERTONS AND I GOT TO ANALYZE HIS STYLE THEN. YOU'VE BEEN A LONG-TIME INVESTOR IN BERKSHIRE HATHAWAY. MY CLIENTS ARE. I BOUGHT IT IN THE '80S FOR THE EQUITY TRUST AND WE'VE HELD MOST OF IT FOR 20-ODD YEARS AND IT'S BEEN TERRIFIC.
[**12:19:05 PM**] I BOUGHT IT IN THE '80S FOR THE EQUITY TRUST AND WE'VE HELD MOST OF IT FOR 20-ODD YEARS AND IT'S BEEN TERRIFIC. THIS IS HAS BEEN AN INCREDIBLY DIFFICULT ECONOMIC YEAR. YOU LOOK AT THE IDEA THAT BERKSHIRE HATHAWAY SHARES ARE DOWN 30% YET MORE PEOPLE ARE EXPECTED TO COME OUT TO THIS MEETING THAN EVER BEFORE. BERKSHIRE IS PREDICTING SOMETHING LIKE 35,000 PEOPLE. THEY'VE HAD MORE THAN 100,000 TICKET REQUESTS.
[**12:19:39 PM**] AND I DON'T YOU KNOW, SHOULD THEY BUY A STOCK AT $93,000 A SHARE? RIGHT. THERE HAVE BEEN SOME CRITICISMS ABOUT SOME OF THE MOVES THAT BERKSHIRE AND WARREN BUFFET HAVE MADE, INCLUDING GET INTO THE DERIVATIVES BUSINESS, ESPECIALLY SINCE HE WAS SO CRITICAL OF DERIVATIVES IN THE PAST, COW CALLING THEM WEAPONS OF MASS FINANCIAL DESTRUCTION. ISN'T THAT A WONDERFUL CONUNDRUM. GIANT SHRIMP. |
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17. MAY 1 2009 12:00PM CT
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General Programming
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Nielsen Audience: 349,621
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CNBC-CABLE Television NATIONAL
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Run Time: 0:48 Calculated Publicity Value: $27,048
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| 30-Second Ad Equivalency: $5,635 |
[**12:24:00 PM**] PEOPLE SAY AFTER THE GAIN WES EVE SEEN THAT THE MARKET OVERALL IS NOT NEARLY AS CHEAP AS IT WAS MAYBE BACK IN THE 1970S. OR DOES IT NOT EVEN MATTER? GO BACK TO WARREN BUFFET. BUFFET CAME UP AROUND AND SAID LOOK, I REALLY BECAME AN INVESTOR WHEN I MET BEN GRAHAM. GRAHAM AND DODD WERE THERE IN THE 30S.
[**12:25:54 PM**] SHE'S WITH HER MOM, DAD AND BROTHER. SHE'S, HER BROTHER IS THE SHAREHOLDER BECAUSE SHE'S RESTRICTED. WE'LL HAVE ONE-ON-ONE INTERVIEWS WITH WARREN BUFFET AND BILL GATES FROM THE BERKSHIRE HATHAWAY ANNUAL MEETING FROM OMAHA. SHE TOWERS OVER THEM. SHE'S HUNL. |
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18. MAY 1 2009 3:00PM CT
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Bulls & Bears 3P
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FBN Television NATIONAL
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Run Time: 0:27 Calculated Publicity Value: $1,890
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| 30-Second Ad Equivalency: $700 |
| [**03:26:34 PM**] WARREN TELLS ME I'M THE ETERNAL OPTIMIST. I ALWAYS BELIEVE THINGS ARE BRIGHTER RIGHT AROUND THE CORNER. WARREN BUFFET OF BERKSHIRE HATHAWAY UNDER YOUR COMPANY RESTS. YOU CAME FROM A LUNCHEON WHERE ALL OF THE MANAGERS MEET ONCE A YEAR. I LOVE IT, THE GIANT CORPORATIONS GIVING THIS REPORT OR THAT REPORT. |
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19. MAY 1 2009 3:00PM CT
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Bulls & Bears 3P
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FBN Television NATIONAL
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Run Time: 1:11 Calculated Publicity Value: $4,971
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| 30-Second Ad Equivalency: $700 |
[**03:53:09 PM**] THE USE IS LESS. THAT HAS A BIG EFFECT ON THE MARKETPLACE. WE HAVE ASKED MANY TIMES WHAT IT'S LIKE TO WORK WITH WARREN BUFFET? IT'S THE BEST. EVEN IN TIMES LIKE THIS?
[**03:53:56 PM**] IT'S A BLESSING, REALLY. HE ONCE SAID HE TRUSTS YOU IMPLICITY. WE HAVE TALKED TO YOU IN THE PAST TO ASK IF ANYONE HAS APPROACHED YOU TO BE THE NEXT CHAIRMAN OF BERKSHIRE HATHAWAY. WOULD YOU TAKE IT IF THEY OFFERED TO YOU. THIS VERY DIVERSE COMPANY, JEWELRY STORES, FURNITURE, CHOCOLATES, WOULD YOU YOU TAKE IT?
[**03:54:55 PM**] ANYTIME. BACK TO YOU, LIZ. WARREN BUFFET'S WOODSTOCK WEEK OF CAPITALISM IS GETTING UNDER WAY IN OMAHA. WHAT SHOULD WE BE LOOKING FOR FROM THE OR CALL OF OMAHA IN THE NEXT FEW DAYS? WE HAVE MORE ON THAT COMING UP. |
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20. MAY 1 2009 6:24PM ET
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Buffett Partner: 'Evil and Folly' to Blame for Cri
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CNBC.COM Television Website USA
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View BUT WHEN CHARLIE MUNGER SPEAKS, YOU SHOULD LISTEN UP. HE ALMOST ALWAYS SAYS SOMETHING WORTHWHILE. HE'S THE VICE CHAIRMAN OF BERKSHIRE HATHAWAY. HE HAS BEEN WARREN BUFFETT'S PARTNER FOR MANY DECADES. WE GOT THE CHANGE TO CATCH UP WITH HIM JUST A FEW MINUTES AGO AND TALK TO HIM ABOUT WHAT HE SEES OUT THERE.
View WE GOT THE CHANGE TO CATCH UP WITH HIM JUST A FEW MINUTES AGO AND TALK TO HIM ABOUT WHAT HE SEES OUT THERE. REMEMBER EARLIER THIS MORNING WE WERE PLAYING SOUND FROM WARREN BUFFETT FROM LAST NIGHT. WARREN BUFFET IS SAYING RIGHT NOW WE'VE MADE IT THROUGH PEARL HARBOR, THE ECONOMIC PEARL HARBOR THAT HE FIRST TOLD CNBC ABOUT LAST FALL, BUT HE SAYS RIGHT NOW WE ARE STILL IN THE WAR. THIS MORNING SPEAKING WITH CHARLIE MUNGER, WE ASKED HIM ABOUT THE SAME COMMENTS, WHERE HE THINKS WE ARE IN THIS ECONOMY. LISTEN UP. |
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21. MAY 1 2009 2:43PM ET
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Warren Buffett's 1992 prediction of the decline of
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SLATE Online-Only Website USA
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View IN 1992, THE ORACLE OF OMAHA PREDICTED THE DECLINE OF NEWSPAPERS, MAGAZINES, AND TV. POSTED MONDAY, APRIL 27, 2009, AT 7:06 PM ET WARREN BUFFETT IN OUR WEB-OBSESSED ERA, SOME FOLKS-ESPECIALLY FOLKS IN THE NEWSPAPER NEWSROOMS-REGARD NEWSPAPERS AS VICTIMS OF THE NEW TECHNOLOGY. CLOSE PERHAPS THE MOST PRESCIENT VOICE ON THE FATE OF NEWSPAPERS HAS BEEN BERKSHIRE HATHAWAY CHAIRMAN OF THE BOARD WARREN E. BUFFETT. DISCLOSURE: BUFFETT IS A WASHINGTON POST CO. DIRECTOR. BERKSHIRE HATHAWAY IS ALSO A MEGA-INVESTOR IN THE POST CO. WHICH OWNS WWW BECOME PART OF THE LINGUA FRANCA, BUFFETT DECLARED THAT "NEWSPAPER, TELEVISION, AND MAGAZINE PROPERTIES" WERE LOSING THEIR STATUS AS PROFIT-SPEWING YEAR BEFORE, BUFFETT WROTE: AN ECONOMIC FRANCHISE ARISES FROM A PRODUCT OR SERVICE THAT: 1) IS NEEDED OR DESIRED; 2) IS THOUGHT BY ITS CUSTOMERS TO HAVE NO CLOSE SUBSTITUTE AND;
View MOREOVER, FRANCHISES CAN TOLERATE MIS-MANAGEMENT. INEPT MANAGERS MAY DIMINISH A FRANCHISE'S PROFITABILITY, BUT THEY CANNOT INFLICT MORTAL DAMAGE. IN BUFFETT'S VIEW, A STRONG TRADEMARK LIKE COCA-COLA) OR A BROADCAST LICENSE AS WITH RADIO AND TV STATIONS) OR NEAR-MONOPOLY POSITION IN THE MARKET AS WITH THE WASHINGTON POST OR THE BUFFALO NEWS THE LATTER OF WHICH BERKSHIRE HATHAWAY OWNS) CAN CONVEY FRANCHISE POWER ON A COMPANY. STILL, INCREASED CONSUMER CHOICE FOR INFORMATION AND ENTERTAINMENT HAS REDUCED SUCH MEDIA FRANCHISES FROM CASH CORNUCOPIAS TO MERE MONEY-MAKING DOLLARS ARE DOLLARS WHETHER THEY ARE DERIVED FROM THE OPERATION OF MEDIA PROPERTIES OR OF STEEL MILLS. WHAT IN THE PAST CAUSED BUYERS TO VALUE A DOLLAR OF EARNINGS FROM MEDIA FAR HIGHER THAN A DOLLAR FROM STEEL WAS THAT THE EARNINGS OF A MEDIA PROPERTY WERE EXPECTED TO CONSTANTLY GROW WITHOUT THE BUSINESS REQUIRING MUCH ADDITIONAL CAPITAL) WHEREAS STEEL EARNINGS CLEARLY FELL IN THE BOB-AROUND CATEGORY.
PERMANENT DISCLOSURE: SLATE IS OWNED BY THE WASHINGTON POST CO. RUNS A "PRESS BOX" CORRECTION. FOR E-MAIL NOTIFICATION OF ERRORS IN THIS SPECIFIC COLUMN, TYPE THE WORD PHOTOGRAPH OF WARREN BUFFET BY MICHAEL BUCKNER/GETTY IMAGES. IS IT TRUE THAT THE WOLVERINE IS POUND FOR POUND THE STRONGEST MAMMAL? |
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22. MAY 1 2009 4:53PM ET
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DealBook: What Would You Ask Warren Buffett?
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NEW YORK TIMES Newspaper Website NEW YORK, NY
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View I LEFT FRIDAY MORNING FOR OMAHA, WHERE I'LL BE ATTENDING BERKSHIRE HATHAWAY 'S ANNUAL MEETING THIS WEEKEND. EACH YEAR, THIS EVENT ATTRACTS THRONGS OF BERKSHIRE SHAREHOLDERS AND ADMIRERS OF WARREN BUFFETT, THE RENOWN INVESTOR WHO RUNS THE COMPANY. I'LL BE POSTING UPDATES THROUGHOUT THE WEEKEND ON DEALBOOK AND ON TWITTER NYTIMESDEALBOOK
View IF YES, WHAT CAN BE DONE TO GET THEM RATED HONESTLY, AT THEIR REAL LEVEL OF RISK, RATHER DECEPTIVELY, AS UTTERLY SAFE? DO ASSET BASED SECURITIES MULTIPLY DEBT/RISK RATHER THAN MERELY REDISTRIBUTE IT? I WOULD ASK MY FRIEDN WARREN BUFFET HOW DOES HE SEE HIMSELF DIFFERENT AFTER HE HAS TAKEN ON MULTIDIMENSIONALITY AND DIVERSE UNITY IN HIS WORK THAT WAS ENTIRELY DIFFERENT FOR I BELIEVE THESE PROGRAMS I HAVE PIONEERED IN MY UNIVERSAL PSYCHOLOGY OF HEALTH & EXCELLENCE REVOLUTIONIZED THE WORLD AND THE ELETE LEADERS LIKE WARREN BUFFET & ENABLED THEM TO FLY TO THE TOP OF THEIR OWN CHOSEN DESINED POWER! I WONDER ABOUT THE ILIQUID IF NOT TOXIC ASSETS BERKSHIRE IS CARRYING. HOW MUCH HAVE THEY BEEN WRITTEN DOWN AND HOW MUCH MORE TO GO?
5:21 PM I WOULD ASK WHY HE WAS ALL OVER THE AIRWAVES ADVOCATING THE BAILOUTS WHEN HE KNEW HE WOULD END UP BEING THE SINGLE LARGEST INDIVIDUAL BENEFICIARY. A LITTLE TOO SELF-SERVING WHEN SO MANY PEOPLE LOOK UP TO YOU WHETHER PUBLIC OR PRIVATE SECTOR. I WOULD ASK WARREN BUFFET FOR A MILLION DOLLARS TO GET ME STARTED. I FEEL THE ANSWER TO THIS QUESTION HAS THE MOST POTENTIAL TO IMPROVE MY FINANCIAL FUTURE. WHAT DOES HE ENVISION A HEALTHY BANKING SECTOR SHOULD LOOK LIKE IN THE US?
WHAT IMPACT WOULD THIS HAVE ON BERKSHIRE'S INSURANCE OPERATIONS AND COST OF CAPITAL? I WOULD LIKE TO ASK BUFFETT TO NAME THE FIVE OR SIX BEST CEO'S, IN HIS OPINION, BASED ON THEIR PERFORMANCE OVER THE LASY YWELVE MONTHS. HERE IS MY QUESTION FOR WARREN BUFFET: WHAT WILL IT TAKE TO GET THE CREDIT MARKETS, INCLUDING ESPECIALLY THE JUMBO MORTGAGE MARKET, WORKING AGAIN? DO YOU HAVE CONFIDENCE IN THE OBAMA ADMINISTRATION'S PROGRAMS TO ACHIEVE THIS? THE LAST QUESTION WAS QUITE INTERESTING IN THE VIDEO, I MUST SAY.
SO, AT TIMES WHEN RETURNS ARE LOW MANAGEMENT SHOULD BE RETURNING CASH TO THE STOCK HOLDER IN THE FORM OF DIVIDENDS. NOT INVESTING IT IN COMPANIES OR ENTERPRISE WHOSE STOCK IS DECLINING. ACCORDINGLY, WHY IS IT THAT BERKSHIRE-HATHAWAY IS NOT ISSUING A DIVIDEND EVEN WHILE IT COLLECTS 10% ON PREFERRED CONVERTIBLE SHARES FROM GOLDMAN-SACHS? PERHAPS MR. BUFFET FEELS HE CAN INVEST THE SPARE CASH BETTER THAN HIS STOCKHOLDERS. BUT HIS SHARES HAVE DECLINED BY A THIRD SINCE I BOUGHT THEM AT THE BEGINNING OF OCTOBER WHILE MY PORTFOLIO HAS DECLINED BY LESS THAN HALF THIS MUCH. SO, UNTIL MR BUFFET'S BERKSHIRE HATHAWAY SHARES STOP TANKING SHOULDN'T HE BE PAYING A DIVIDEND FROM HIS FREE CASH FLOW? 5:43 PM ARE YOU ANY RELATION TO JIMMY? I'D ASK HIM FOR A JOB.
B. WILL HE ADOPT ME? POSTED BY MARY ISN'T THE REAL OPPORTUNITY IN DEVELOPING HYDRO ELECTRICITY IN CANADA FOR EXPORT TO THE USA AND BEYOND? LARY WALDMAN POSTED BY LARY WALDMAN 5:58 PM I WOULD ASK WARREN BUFFET HOW HE FEELS ABOUT THE BAILOUT OF AIG GIVEN THAT HIS FIRM GOLDMAN SACHS BENEFITTED THE MOST OUT OF THE BAILOUT AND WHETHER ITS FAIR FOR JOE TAXPAYER TO PAY THE WINNING TRADES GOLDMAN EXECS MADE AGAINST AIG? BUT YOU WILL PROBABLY JUST ASK HIM ABOUT INFLATION AND WHETHER AMERICA WILL COME BACK, BORING. |
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23. MAY 1 2009 1:54PM PT
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Slog: How to Buy Stock in Soap
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BLOGNETNEWS Blogs-Only Website WASHINGTON
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View EAT ONLY FRUITS THAT FELL FROM THE TREE THAT THE SNAKES TELL YOU TO EAT! AND LETTUCE THAT COMMITTED SUICIDE! RELIGIOUS FANATICS R US ON MAY 1, 2009 AT 5:27 PM 1: WARREN BUFFET HAS BEEN RUNNING THAT SAME EMPIRE OF FLAPJACK HOUSES AND ICE CREAM PARLORS AND HE'S GOING DOWN SKID ROW. THE ROSAIC SOUNDS GOOD. BUT WOULDN'T PUT MY MONEY IN IT.
View HERE IS WHERE THEY ARE NOT A SAVINGS AS THEY MUST EMPLOY ARBITRAGERS TO ENSURE THAT THE PRICE OF THE ETF AND THE PRICE OF THE UNDERLYING SECURITIES TRADING INDEPENDENTLY OF THE ETF REMAIN AT PARITY. 9: HOLDING INDUSTRIES THAT MAKE DAILY ESSENTIALS ISN'T BUFFETT'S STRATEGY. BECAUSE BERKSHIRE HATHAWAY HAPPENS TO OWN SOME OF THOSE THINGS DOESN'T MEAN HE'S FOLLOWING ROSE'S MOM'S PLAN, IT JUST MEANS THERE'S SOME OVERLAP. YOUR ARGUMENT IS LIKE SAYING THAT BILL GATES, BECAUSE HE OWNS A BIG HOUSE AND A LOT OF PROPERTY, IS A REAL ESTATE TYCOON. IF ROSE'S MOM HAD SAID "RAZORS AND PENS AND SOAP AND ENORMOUS INSURANCE COMPANIES, YOU MIGHT HAVE A POINT. |
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24. MAY 1 2009 10:00PM CT
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Late News
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Nielsen Audience: 83,080
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KETV-ABC Television OMAHA, NE, MARKET RANK: 76
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Run Time: 0:36 Calculated Publicity Value: $3,420
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| 30-Second Ad Equivalency: $950 |
| [**10:04:34 PM**] THESE FIGURES INDICATE THAT WE WILL NOT BE SO LUCKY THIS TIME. IT MAKES IT ALL THE MORE IMPORTANT FOR CITY GOVERNMENT TO BE CAUTIOUS ABOUT TAKING ON MORE THAN IT CAN HANDLE. 35 THOUSAND BERKSHIRE HATHAWAY SHAREHOLDERS ARE PARTYING IN THE METRO THIS WEEKEND. THE OPENING RECEPTION IS AT BORSHEIM'S TONIGHT. TOMORROW, SHAREHOLDERS GET SPECIAL DEALS AT NEBRASKA FURNITURE MART, AND ON SUNDAY, WARREN BUFFET WILL SHARE HIS ANNUAL REPORT WITH THEM. AN OMAHA WOMAN IS FED UP WITH FAST DRIVERS, AFTER TWO ACCIDENTS END UP ON HER PROPERTY. A PORTION OF 61ST AND PRATT IS WHERE SPEEDERS ARE A PROBLEM. |
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25. MAY 1 2009 6:00PM CT
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News at 6
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Nielsen Audience: 47,225
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KETV-ABC Television OMAHA, NE, MARKET RANK: 76
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Run Time: 1:21 Calculated Publicity Value: $4,050
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| 30-Second Ad Equivalency: $500 |
| [**06:08:54 PM**] BERKSHIRE HATHAWAY SHAREHOLDERS COME TO OMAHA TO HEAR WARREN BUFFET TALK; LIVE REMOTE FROM BORSHEIMS; BY FAZAL^ |
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26. MAY 1 2009 6:00PM CT
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3 News at 6:00pm
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Nielsen Audience: 9,251
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KMTV-CBS Television OMAHA, NE, MARKET RANK: 76
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Run Time: 1:18 Calculated Publicity Value: $1,560
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| 30-Second Ad Equivalency: $200 |
| [**06:14:42 PM**] BERKSHIRE HATHAWAY SHAREHOLDERS COME TO TOWN TO SHOP AT BORSHEIMS AND NFM AFTER LISTENING TO WARREN BUFFET SPEAK; ERIC FRNK FROM LJ WEST DIAMONDS COMMENTS^ |
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