Buffett: The Making of an American Capitalist - Press Lord Summary & Analysis

Roger Lowenstein
This Study Guide consists of approximately 46 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Buffett.
This section contains 528 words
(approx. 2 pages at 400 words per page)
Buy the Buffett: The Making of an American Capitalist Study Guide

Press Lord Summary and Analysis

Buffett became enamored with the idea of actually owning a newspaper outright. He learned that the Buffalo Evening News was for sale. Buffalo had two papers, the Courier Express being the morning and Sunday paper, the Evening News publishing six evening papers a week. Because Buffalo had a largely blue-collar population which rose and went to work early, the Evening News was the predominant weekly paper, and a long-time agreement between the owners had resulted in the Courier Express being the only Sunday paper. Thus, both papers had specific customers and profits. Buffett and friend Munger purchased the paper with the intent of running it, and their first goal was to add a Sunday edition.

Immediately, the Courier Express took Buffett and Munger to court under anti-trust laws, claiming that it was Buffett's goal to run the competition out...

(read more from the Press Lord Summary)

This section contains 528 words
(approx. 2 pages at 400 words per page)
Buy the Buffett: The Making of an American Capitalist Study Guide
Copyrights
BookRags
Buffett: The Making of an American Capitalist from BookRags. (c)2016 BookRags, Inc. All rights reserved.