I know Warren Buffet is hallowed ground for some of you, but the Oracle from Omaha just cobbled together the weakest investment thesis since Yahoo! bought Broadcast.com, making Mark Cuban the luckiest son of a bitch on the face of the planet – even if he does consistently pick losing teams.
Get this – Buffet, who’s never sent a Tweet, thinks that Rupert Murdoch’s Wall St. Jounal (of recent failed PewDiePie hit-job fame) and the New York Times $NYT (of generally failing fame) are going to be the only two publications with an “assured future” thanks to their robust online models. Jeff Bezos’ Washington Post (of government mouthpiece fame) gets an honorable mention.
There are only two papers in the United States that I think have an assured future because they have a successful internet model to go with their print model, and that’s the Journal and the New York Times. They have developed an online presence that people will pay for.
Now the third that may do it, again going back to Bezos, is the Washington Post – and he’s improved dramatically their situation online, so it’s conceivable that their math works.
Sorry Warren – faith in the MSM is completely broken, and people are increasingly migrating to sites like ZeroHedge and iBankCoin to avoid corporate-globalist propaganda. Plus, anything in the WSJ / NYT is available from about a dozen sources for free.
Now let’s take a look at how WSJ and WaPo are actually doing in terms of internet traffic – the cornerstone of Warren’s rad thesis – especially since iBankCoin’s “clickgate” article showed how mystery internet traffic from China as measured by Alexa.com (which shares an owner with the Washington Post) appeared to be synthetically inflating their rankings. Interestingly, the Chinese traffic has suddenly disappeared from the Alexa metrics, painting a dramatically different picture of NYT and WaPo’s penetration in the digital space.
Sorry Warren – these papers all suck, they’re being exposed for sucking, and you’re on the wrong side of the trade.
Of hilarious note, Squawk Box’s Becky Quick asked Buffet about “assholes” at the end of the interview!
Becky: So, how often do you think “that guy’s an asshole” but not tell him
Buffet: Well I’ve certainly thought that over the years, but it hasn’t all been guys either!
Warren gets a few bonus points for handling that like a boss – even if he needs to fire whichever ivy league MBA told him digital subscriptions work.
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Title should read “Famed investor likes news outlet that disagrees with my worldview, this makes me mad!”
Aside from the NYT having to lease 8 floors of their headquarters, push Twitter ads offering 40% off subscriptions, and seemingly buying Chinese bot traffic to artificially boost their Alexa ranking – you’re spot on.
edit: https://ibankcoin.com/flyblog/2017/02/12/suggesting-nyt-isnt-dying-in-spite-of-digital-subscription-growth-is-fake-news/
Becky’s face has gone thru the cheese grating by pussy hat. So sad. Libtardness has magical powers. Indeed.
I can see the NYT and WaPost, they have alienated half the country.
However the WSJ is a whole different story. I will always be a buyer.
Zeropoint, iBC’s premier “Alex Jones politics” intern is raging against the machine here, demanding we recognize his influence over minds the world over with a bunch of f’ing Alexa charts. Buffet’s smegma, his halitosis, the pus flowing from his ass cheek’s years old pimple is infininitely more valuable, more influential, and honestly just more interesting than your conspiracy theory pseudo-investigative horseshit. Why don’t you start YouTube-ing like a real man a la Paul Watson or Tomi Lahren instead hiding behind a fucking tiger avatar on Fly’s scrotum blog roll.
NYT stock from 11 to 15 since the election, a 36% increase. Digital subscriptions gains largest since they were launched. Trump is the best thing that could have happened for NYT sub growth.
Posting Alexa data displays a lack of knowledge of digital advertising metrics. It is not reliable.
Becky “Never Ever” Quick is a Marxist, globalist shill.
Watch CNBC, lose brain cells quick.
Sorry ZERO… NYT is alive and thriving.. smart people read the TIMES and always will. There’s lots inside even without the politics. Nobody is forcing you to read it. You should stick with Watson and Jones. Remain cucked.
Trader, we’ll find out how well they’re doing when they report Q4 numbers I guess. They used to be a great paper and still have some good journalists (Neil MacFarquhar has been a great international editor for years, for example) – but there’s just way too much bias going on to be able to reliably pick through. How can you support news organizations that have such obvious agendas?
Seaturtle – is Alexa no good? Why doesn’t Bezos dump it if it’s a joke?
IBD is still good
Watson and Jones are a mixture of facts and entertainment – no secret there. Just like getting news from Rachel Maddow and other men.
Ironturd – says the guy posting anonymously. You probably operate out of a fake office. What else is fake about you? Maybe try an original name.
turd_turtle_trade, put your money where your mouth is and put the weight of your portfolios in ticker NYT. Let us know how you do.
Just read the replies to this $NYT tweet…
https://twitter.com/nytimes/status/836054688688664576
Looks like you’ve done your research, so go long and strong.