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The company is closing its remaining U.S. bureaus in an effort to double down on local news.

The Washington Post Company (WPO), a diversified education and media company, recently announced that it would close its bureau offices in New York , Los Angeles and Chicago effective Dec 31, 2009, in an effort to cut costs and focus more on local news. Consequently, three news aides will lose their jobs, but six affected reporters [...]

(WPO) The Washington Post Company Cuts Costs

The Washington Post Company (WPO), a diversified education and media company, recently announced that it would close its bureau offices in New York , Los Angeles and Chicago effective Dec 31, 2009, in an effort to cut costs and focus more on local news. Consequently, three news aides will lose their jobs, ...

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The Death of Newspapers or the Rise of Reddit?

TechCrunch recently pointed out that “Google’s Got Some Suggestions” about what Newspapers are:

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The Washington Post Company (WPO), a diversified education and media company, recently announced that it would close its bureau offices in New York , Los Angeles and Chicago effective Dec 31, 2009, in an effort to cut costs and focus more on local news.

Consequently, three news aides will lose their jobs, but six affected reporters in those bureaus have been offered jobs in Washington.

The newspaper industry has been reeling under the economic crisis. Publishing companies have been experiencing plunging advertising revenue. To survive, the companies are trying to cut costs by trimming headcounts, closing printing plants and so on, whereas others who could not withstand the headwinds went out of business.

In an attempt to cut costs, The Washington Post offered Voluntary Retirement Incentive Program. Recently, 221 employees at The Washington Post newspaper and 44 employees at the Newsweek magazine accepted the offer.

In third-quarter 2009, Newspaper Publishing division revenue tumbled 20% driven by a 28% fall in print advertising revenue at The Post and 18% decline in online revenue, primarily from washingtonpost.com, whereas Magazine Publishing division revenue fell 33% driven by a 48% drop in advertising revenue at Newsweek.

Like Washington Post Company, other newspaper companies – The New York Times (NYT), Journal Communications Inc. (JRN), Gannet Co., Inc. (GCI) and The McClatchy Company (MNI) – have been grappling with the slump in print advertising demand amid the global meltdown, as advertisers are migrating to the Internet driven by increasing online readership and lower ad prices than print.
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Blogger and Legal Career Expert Richard L. Hermann Draws from New Book and 30 Years of Experience to Guide Lawyers

Warren Buffett's famous Berkshire Hathaway (BRK-A), the highest priced stock and one of the most successful companies during the last half-century, recently announced a stock split to take place next year that would divide its Class B shares (BRK-B) at a ratio of 50 to one. The B shares currently represent 1/30th of the value of the Class A shares and have 1/200th of the per-share voting rights. After the split, this would put the B shares at a little less than $68 per share, based on the recent price. Until the split, there are other ways to invest in Berkshire Hathaway.br /br /A second way to invest in the stock is by owning shares in the Sequoia Fund (SEQUX), a mutual fund with a large position in Berkshire Hathaway. Over 20% of their portfolio is invested in the stock. Some of the other stocks in their portfolio include:br /IDEXX Labs (IDXX)br /TJX (TJX)br /Martin Marietta (MLM)br /Fastenal (FAST)br /Mohawk Industries (MHK)br /Expeditors International (EXPD)br /O'Reilly Automotive (ORLY)br /The minimum investment in Sequoia is $5,000.br /br /A third way to invest is by investing in the Fairholme Fund (FAIRX) which has a little over 4% of their portfolio invested in the Berkshire B shares (BRK-B). Although the concentration is not as significant as Sequoia, it is the number six holding in the portfolio. Fairholme's other major holdings along with the percent of the portfolio that each one makes up include:br /Pfizer (PFE) 14%br /Sears (SHLD) 8.8%br /St. Joe (JOE) 6.7%br /Americredit (ACF) 5%br /Forest Labs (FRX) 4.6%br /Minimum investment is $2500.br /br /Markel Corp. (MKL) is an insurance company that many consider to be a mini-Berkshire, especially since it has over $90 million worth of Berkshire Hathaway, a little over 4% of their net worth. br /br /There are other funds that have around two percent of their portfolio in Berkshire, such as Legg Mason ClearBridge Appreciation A (SHAPX) but the percentage isn't enough to be a close play on Berkshire.br /br /One other option is to create a portfolio that emulates Berkshire's holdings of publicly traded stocks, however, this wouldn't cover Berkshire's holdings of non-public stocks. In addition, it would involve purchasing many different stocks, so you would be better off just buying the Class B shares. But if you just want to pick and choose the "best" of Berkshire's holdings, here is the list of some of their major stockholdings:br /br /American Express Co. (AXP)br /The Coca-Cola Company (KO)br /ConocoPhillips (COP)br /ExxonMobile (XOM)br /Johnson Johnson (JNJ)br /Kraft (KFT)br /Moody’s Corporation (MCO)br /Procter Gamble Co. (PG) br /US Bancorp (USB)br /Wal-Mart Stores Inc. (WMT)br /The Washington Post Company (WPO)br /Wells Fargo (WFC)br /Wesco Financial Corporation (WSC)br /br /Don't forget to check out the a href="http://stockerblog.blogspot.com/2009/10/christmas-list-for-warren-buffett-fan.html"Christmas List for the Warren Buffett Fan/a.br /br /span style="font-style:italic;"Author owns PFE./spandiv class="blogger-post-footer"div class='adsense' style='text-align:center; padding: 0px 3px 0.5em 3px;' script type="text/javascript"!-- google_ad_client="ca-pub-2427831169011625"; google_ad_width=300; google_ad_height=250; google_ad_format="300x250_as"; google_ad_type="text"; google_ad_channel ="8681602088"; google_color_border="FFF3DB"; google_color_bg="FFF3DB"; google_color_link="1B0431"; google_color_url="1B0431"; google_color_text="29303B"; //--/script script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js" /script img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/23020893-5754481211094043365?l=stockerblog.blogspot.com' alt='' //div

Warren Buffett's famous Berkshire Hathaway (BRK-A), the highest priced stock and one of the most successful companies during the last half-century, recently announced a stock split to take place next year that would divide its Class B shares (BRK-B) at a ratio of 50 to one. The B shares currently represent 1/30th of the value of the Class A shares and have 1/200th of the per-share voting rights. After the split, this would put the B shares at a little less than $68 per share, based on the recent price. Until the split, there are other ways to invest in Berkshire Hathaway.

A second way to invest in the stock is by owning shares in the Sequoia Fund (SEQUX), a mutual fund with a large position in Berkshire Hathaway. Over 20% of their portfolio is invested in the stock. Some of the other stocks in their portfolio include:
IDEXX Labs (IDXX)
TJX (TJX)
Martin Marietta (MLM)
Fastenal (FAST)
Mohawk Industries (MHK)
Expeditors International (EXPD)
O'Reilly Automotive (ORLY)
The minimum investment in Sequoia is $5,000.

A third way to invest is by investing in the Fairholme Fund (FAIRX) which has a little over 4% of their portfolio invested in the Berkshire B shares (BRK-B). Although the concentration is not as significant as Sequoia, it is the number six holding in the portfolio. Fairholme's other major holdings along with the percent of the portfolio that each one makes up include:
Pfizer (PFE) 14%
Sears (SHLD) 8.8%
St. Joe (JOE) 6.7%
Americredit (ACF) 5%
Forest Labs (FRX) 4.6%
Minimum investment is $2500.

Markel Corp. (MKL) is an insurance company that many consider to be a mini-Berkshire, especially since it has over $90 million worth of Berkshire Hathaway, a little over 4% of their net worth.

There are other funds that have around two percent of their portfolio in Berkshire, such as Legg Mason ClearBridge Appreciation A (SHAPX) but the percentage isn't enough to be a close play on Berkshire.

One other option is to create a portfolio that emulates Berkshire's holdings of publicly traded stocks, however, this wouldn't cover Berkshire's holdings of non-public stocks. In addition, it would involve purchasing many different stocks, so you would be better off just buying the Class B shares. But if you just want to pick and choose the "best" of Berkshire's holdings, here is the list of some of their major stockholdings:

American Express Co. (AXP)
The Coca-Cola Company (KO)
ConocoPhillips (COP)
ExxonMobile (XOM)
Johnson & Johnson (JNJ)
Kraft (KFT)
Moody’s Corporation (MCO)
Procter & Gamble Co. (PG)
US Bancorp (USB)
Wal-Mart Stores Inc. (WMT)
The Washington Post Company (WPO)
Wells Fargo (WFC)
Wesco Financial Corporation (WSC)

Don't forget to check out the Christmas List for the Warren Buffett Fan.

Author owns PFE.

The Washington Post will close its Chicago, Los Angeles and New York bureaus as of Dec. 31.

BloggingStocks: As print media continues its prolonged death throes, The Washington Post Company (WPO) announced late Tuesday that it will shut down its U.S. bureaus in New York, Los Angeles, and Chicago. Six journalists will be affected by the closures, and all ... Read more

NEW YORK - The Washington Post is closing its last U.S. bureaus outside the nation's capital as the money-losing newspaper retrenches to focus on politics and local news. "At a time of limited resources and increased competitive pressure, it's necessary to concentrate our journalistic firepower on our central mission of...

NEW YORK - The Washington Post is closing its last U.S. bureaus outside the nation's capital as the money-losing newspaper retrenches to focus on politics and local news. "At a time of limited resources and increased competitive pressure, it's necessary to concentrate our journalistic firepower on our central mission of...

DailyFinance: The Washington Post (WPO) has long been one of a handful of what can rightfully claim to be great national newspapers. No longer. As of this week, the Post is adopting a humbler but perhaps savvier goal: to be a great regional newspaper -- albeit one ... Read more

Why we should invest in stocks when the economy is in the dumps.