Stanley Lipsey
Publisher of the Buffalo Evening News who led the newspaper acquisition and later became a key figure in understanding newspaper economics.
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Stanley Lipsey
Stanley Lipsey (commonly called Stan Lipsey) was the publisher of the Buffalo Evening News, which Berkshire acquired in 1977. Lipsey ran the newspaper with the same discipline and focus on long-term value that characterized all of Buffett's operations.
Overview
| Metric | Value |
|---|---|
| Role | Publisher |
| Company | Buffalo Evening News |
| Acquired | 1977 |
| Notable | Ran newspaper with discipline |
Career
Buffalo Evening News
The Buffalo Evening News was Berkshire's entry into newspapers:
- Acquired in 1977
- One of the few profitable newspapers in the region
- Lipsey maintained profitability through the newspaper industry's challenges
Management Philosophy
Lipsey demonstrated:
- Cost control discipline
- Focus on core readership
- Long-term thinking about newspaper economics
Related
- warren-buffett — Who acquired the paper
- berkshire-hathaway — Parent company