Warren Buffett's Berkshire Hathaway liquidated its positions in a number of high-profile companies during the fourth quarter, but the Oracle of Omaha has hung on to his huge stake in Coca-Cola. And Coke's nearly 4% drop is a weight on Buffett's portfolio.
Employees at Gannett's flagship newspaper must be insanely dedicated: Why else would its publisher feel the need to explain to them exactly what it means to be forced to take a week off. But that's just what Dave Hunke decided his already-depressed workforce needed to hear.
Correctly or naively, print publishers all seem to think the iPad, Apple's new touchscreen tablet computer, is going to save their hides -- and Wall Street seems to agree, at least cautiously, as several print media companies saw their stocks rise today.
The long, steep decline in newspaper ad sales and circulation is starting to level off, but that doesn't solve the debt problems bedeviling firms like Affiliated Media. The holding company for industry heavyweight MediaNews Group will go through a prepackaged bankruptcy to eliminate most of its debt.