The Yellow Press » Business News

Clarification – Berkshire Hathaway Not Buying The Yellow Press

DavidW - Publisher — Tue, 29 Mar 2011 19:35:11 +0000

Just one word, plastics.

Notice: Warren Buffet’s investment Group Berkshire Hathaway has not entered into negotiations to purchase The Yellow Press, an on-line news and entertainment company based in Washington state. Rumors had been circulating that the billionaires flagship company had contacted the owner/publisher David Weisz directly on a recent visit to the Pacific northwest and tendered a modest offer for the company through its subsidiary, Iron Mountain Inc. (IRM). Iron Mountain, a company that provides information management services to companies worldwide was founded in an underground facility near Hudson, New York in 1951. In February, 2010, Iron Mountain acquired Mimosa Systems, Inc., a leader in digital content archiving solutions and it had been mentioned that the acquisition of The Yellow Press would benefit the overall strategies of both companies through resource consolidation and regional market sharing. Shares of Iron Mountain have been slightly elevated over the recent five day period, up from $30 a share to $31.50. Iron Mountain and Berkshire Hathaway provided no comment at press time.

(This notice has been published here in an effort to clear up any misconceptions about this rumor. Please do not call our offices regarding this matter, it is purely a matter of speculation and no agreements have been entered into. David Weisz, Publisher, The Yellow Press)

Buffet Gives Away Riches

DavidW - Publisher — Thu, 05 Aug 2010 01:18:09 +0000

The rich are coming to their senses. Enough of the excesses, the opulence, the supercilious greed has lead to a threat of rebellion from the poor starving millions and so the super wealthy have begun to fear for their fortunes, and skins. In an effort to assuage the impoverished hordes, a new tactic is being tried and the uber-privileged are giving away large portions of their fortunes. The effort was initiated by staid, conservative businessman Warren Buffet who was ranked as the world’s wealthiest person in 2009 and now sits at about third place behind Bill Gates and songstress Beyonce. Buffet, who made his millions through shrewd investments in railway, steel and latex stocks began the purging when he came to the realization that the broken shards of glass he had crews of masons embed in the tall perimeter walls surrounding his heavily fortified compound in Omaha, NE would not thwart the insane zombie-like mobs once they could no longer find cake enough to sustain their voracious appetites from storming the castle.

Buffet, long one of the coolest heads around, reasoned that even at one percent of his wealth he, could still eat quite well, began a movement among his peers encouraging the jettisoning of superfluous monies through a benevolent organization, www.givingpledge.org that intends to obtain from the rich and divest to the poor. The organization is currently overwhelmed with offers of funds from such wealthy individuals as Jake Jabs, George Lucas, rapper Master P and tv pitchman Ron Popeil and is having a difficult time finding people to give the money away to. persons wanting t recieve grants from the organization can find instructions at their website but should be aware that they may not use the money to purchase ciggies, beer, 420 supplies, plastic surgery, temporary gratification and/or pink boas or plastic yard flamingos.

The movement has been such a success among wealthy individuals that it has begun outreach efforts to companies and corporations. While only in it’s beginning stages, interest has been shown by such firms as Ticketmaster, McMaster-Carr and Con-Agra. Most businesses approached by the benevolent organization preferred a micro-loan disbursement approach over a handout model and the board of directors for the non-profit are said to be developing a suitable model.

Get Er Done

DavidW - Publisher — Mon, 31 Aug 2009 03:13:11 +0000

“We now favor flexibility over high fidelity, convenience over features, quick and dirty over slow and polished. Having it here and now is more important than having it perfect.”

Get er done is the new credo, or as some would say; “The king is dead, long live the king.” Wired magazine continues its march to triumph over long time leaders in the business publication field, like the Wall Street Journal and Forbes magazine with this latest insightful article on why quick and cheap is the new benchmark in the race to profitability. The article, accessed through the link below, explains how companies as diverse as Pure Digital and Kaiser Permanente are following Larry the Cable Guy’s slogan and reshaping thier businesses. Blue collar workers have long known that VP, (visual progress), is the most important facet of any workday and that they’re not building pianos. Products that do the job are what is needed as our world expands, let the aftermarkets polish and customize them.

via The Good Enough Revolution: When Cheap and Simple Is Just Fine .