I have serious issues with Warren Buffett but when he sold The Washington Post to Jeff Bezos I sensed that it was probably a good move for Buffett. Originally Buffett bought The Post because it was the chosen news source within the power circles of Washington DC. In addition to this important factor Washpo had a strong readership based in a wealthy city. Good for ad revenue. There was deep value in the publication. But, to Buffett’s credit he probably sensed the winds shifting (even if he did think Hillary was going to win) and sold The Post when he could before the real serious decline in value became too obvious and too expensive even for someone who wanted to revamp the newspaper for delivery on Kindle devices.
(From The Tenth Amendment Center)
Anyone with an ounce of sense and access to the Internet should be able to ferret out the truth and lies in these stories with some basic research. That these stories flourish is largely owing to the general gullibility, laziness and media illiteracy of the general public, which through its learned compliance rarely questions, challenges or confronts.
Then there’s the more devious kind of news stories circulated by one of the biggest propagators of fake news: the U.S.
You have probably seen the list of “fake news sites” created by Merrimack College assistant professor Melissa Zimdars that has been making the rounds. But it isn’t a list of “fake news” sites, it is a list of sites that challenge the official narratives put forth by outfits like The New York Times and PBS. At least this is true for many of the sites.
For instance sites like Zerohedge and LewRockwell.com were both on the list which is total nonsense.