Ariel Investments CEO Bullish on Gannett
Warren Buffett and his cohorts at Berkshire Hathaway may be down on newspapers, but one investor thinks the sector–or, more specifically, one company–is still a worthy pick.
Ariel Investments Chairman and CEO John W. Rogers Jr. is urging investors to “swing for the fences” during this downturn in a column he wrote for Forbes.com.
Rogers admits Ariel made some “big mistakes” in the media business, including heavying up on bankrupt Journal Register Co.–calling that move a “disaster.”
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