????此外，他還解釋道,，鑒于先進(jìn)出版公司并未打算出售旗下資產(chǎn),，所以，雖然這家報紙看上去是不錯的投資選擇,，但他并沒有買下它的打算,。不過，他認(rèn)為,，地方性報紙,，不論是紙媒還是網(wǎng)媒，確實是一項可以持續(xù)的生意,。目前,，巴菲特的伯克希爾?哈撒韋公司（Berkshire Hathaway）旗下?lián)碛谢虺止傻拿襟w就包括奧馬哈《世界先驅(qū)報》（World-Herald）、《華盛頓郵報》（Washington Post）,、《水牛城新聞報》（Buffalo News ）和媒體綜合集團(tuán)（Media General）等,。上周二，據(jù)透露,，伯克希爾公司購買了李氏企業(yè)公司（Lee Enterprises）3.2%的股份,，該公司旗下包括《圣路易斯郵報》（Post-Dispatch）和其他47家日報。并且有可靠消息顯示,，巴菲特有意繼續(xù)買進(jìn)該公司股份,，甚至有可能最終將整個公司都收入囊中。

????那么,，巴菲特希望投資報紙能帶來多少利潤呢,？肯定不會是30%至40%，甚至也不到20%,。他在接受Daily Beast網(wǎng)站霍華德?庫爾茨的采訪時表示：“與我們在伯靈頓鐵路公司（Burlington Railroad）的投資相比,，報紙資產(chǎn)的收益確實有些微不足道。不過,，從財務(wù)上來看,，對報紙的投資即便算不上精明，也絕對不是愚蠢的決定,?！?/p>

????譯者：劉進(jìn)龍/汪皓

????He also noted that Advance doesn't tend to sell off its properties, so it's unlikely he could buy the paper even if it looked like a good investment. He does, however, believe that local newspapers can be a sustainable business, whether in print or online. His company Berkshire Hathaway (BRK.A) now owns or has stakes in stakes in the Omaha World-Herald, the Washington Post (WPO), the Buffalo News and Media General (MEG). On Tuesday, it was revealed that Berkshire had purchased a 3.2 percent stake in Lee Enterprises (LEE), which owns the St. Louis Post-Dispatch and 47 other dailies. Informed speculation has it that he means to buy more of the company -- perhaps with an eye toward snapping up the whole thing.

????And what kinds of profits does Buffett expect his newspaper investments to generate? Probably not in the 30% to 40% range, or even 20%. "The kind of earnings we'll draw from our newspaper properties will be a very tiny fraction of, say, Burlington Railroad," he told Howard Kurtz of the Daily Beast. "But it's not a dumb decision financially."