This Guy Owns a Ferrari, a Bentley and Now... A Local Newspaper
Alan Smolinisky’s 15-month old son Charlie was named in honor of billionaire investor Charles Munger. In his home, there is also a framed, flattering hand-written note from another three-comma titan, Warren Buffett.
So why would Smolinisky have paid seven figures for the money-losing Pacific Palisades weekly newspaper the Palisadian-Post? Because, like Aaron Kushner with the Orange County Register, Doug Manchester down in San Diego and the LA Times‘ imminent new owner, this savvy investor believes in the future of a well-targeted and storied print publication.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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