Buffett wants to talk like a philanthropist and an investor at the same time, not understanding that the public good and the bottom line have diverged. A newspaper used to be both a profitable business and a public service, but this was just an accident of the competitive (or rather uncompetitive) media landscape. His commonsense approach to saving papers won’t work, because there is no longer any commonsense business model for a former monopoly that is still seeing its revenues erode faster than its costs.

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Warren Buffett’s Newspaper Purchase « Clay Shirky (via infoneer-pulse) This is an interesting formulation:

…not understanding that the public good and the bottom line have diverged.

It would be interesting to research that and see to what extent this view holds true on different levels of society.

30 May 22 infoneer-pulse

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