CHICAGO, Feb. 28, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B), The Washington Post Co. (NYSE: WPO), Cincinnati Financial Corp. (Nasdaq:CINF) and State Auto Financial Corp. (Nasdaq:STFC).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday's Analyst Blog:
Buffett Expands Print Media Biz
Tulsa World is a closely held newspaper company with a daily sale of 95,000. The deal is expected to come through by March.
However, in 2009, Warren Buffett stated that it was not very reasonable to continue his ownership of any newspaper business. At the time, he had declared his particular dislike of the practice of newspaper companies providing news online for free, yet charging for the same in print. According to Buffett, online news posed a threat to the print medium.
However, Buffett had changed his outlook toward the future of the newspaper industry when last year Berkshire Hathaway acquired 63 daily and weekly newspapers from Media General Inc. at approximately a 100% premium to Media General's then-market capital.
In November 2011, Buffett announced the purchase of The Omaha World-Herald Company, publisher of Nebraska's principal daily newspaper, for $200 million. The deal added the World-Herald and six other daily newspapers and several weekly newspapers to the company's media business portfolio. Berkshire's media business portfolio also includes Business Wire and The Washington Post Co. (NYSE: WPO).
Buffett's buying of newspaper businesses suggests his optimism towards the newspaper industry. The company's newspaper unit consists of 28 small- or medium-sized dailies. Besides dailies, Berkshire owns 40 other newspapers businesses engaged in less frequent publishing along with other monthly publications and regional magazines.
According to Buffett, a newspaper is an institution, which is important in regions with a strong sense of community. He also believes that newspapers, which have been facing stiff competition from digitization, can prevent waning sales by focusing on providing community news.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE Zacks Investment Research, Inc.