I don't know the story. But I will say that I know that Buffet, and others like him, are known to hold debt with "strings attached."
These strings allow the debt holder to control a lot more than a typical lender.
So, just because he is a lender, does not mean he has no control. He might not (or he might). You can't know for sure just based on the fact that it is debt and not equity.
With people like this, the "normal scenario" is usually not standard operating procedure for them.
Just sayin'.
PS: He issued debt to Goldman Sachs during the big financial meltdown, and that allowed him a lot of control of the company (not full control, of course, but he got one of his guys on the BOD, for example), and then when the stock price went up, the debt was converted to equity. These guys play much more sophisticated games than Mom and Pop at the corner grocery.
He doesn’t need to attach strings. The Lee papers are understaffed leftist rags who follow the likes of the AP. There is very little actual local news anymore.
He controls their entire operation, including their debt and their weaponized subjective “journalism” and propaganda.
Please explain how you “know this very well”. You must know all about Lee Enterprises’ landlord, Rodney Blackwell too then?
The Racine Journal Times runs nearly every article by City Hall before publishing. They in turn run anything up the chain of command as far as it needs to go.
You don’t know anything about Buffett and Lee Enterprises. He does not control them. Period. He assumed debt. That. Is. It. I know you’re trying to save face, but give up. I DO know about this. You do not. Clearly.
However, the situation is much worse than that. The Lee papers have almost no staff left. Some have no editors even. They are staffed by leftists who take their cues from the national feeds.
But NO, Warren Buffett has Nothing to do with Lee operations.
No he doesn’t! I know this very well!
Then you are either lying or connected somehow.
Here is the headline from one such article:
https://seekingalpha.com/article/4320910-lee-enterprises-perfect-fit-for-legacy-of-warren-buffett-newspapers
He holds no editorial “control.” He holds debt.
Jumping in here ...
I don't know the story. But I will say that I know that Buffet, and others like him, are known to hold debt with "strings attached."
These strings allow the debt holder to control a lot more than a typical lender.
So, just because he is a lender, does not mean he has no control. He might not (or he might). You can't know for sure just based on the fact that it is debt and not equity.
With people like this, the "normal scenario" is usually not standard operating procedure for them.
Just sayin'.
PS: He issued debt to Goldman Sachs during the big financial meltdown, and that allowed him a lot of control of the company (not full control, of course, but he got one of his guys on the BOD, for example), and then when the stock price went up, the debt was converted to equity. These guys play much more sophisticated games than Mom and Pop at the corner grocery.
He doesn’t need to attach strings. The Lee papers are understaffed leftist rags who follow the likes of the AP. There is very little actual local news anymore.
He controls their entire operation, including their debt and their weaponized subjective “journalism” and propaganda.
Please explain how you “know this very well”. You must know all about Lee Enterprises’ landlord, Rodney Blackwell too then?
The Racine Journal Times runs nearly every article by City Hall before publishing. They in turn run anything up the chain of command as far as it needs to go.
Why exactly are you defending Warren Buffett?
You don’t know anything about Buffett and Lee Enterprises. He does not control them. Period. He assumed debt. That. Is. It. I know you’re trying to save face, but give up. I DO know about this. You do not. Clearly.
However, the situation is much worse than that. The Lee papers have almost no staff left. Some have no editors even. They are staffed by leftists who take their cues from the national feeds.
But NO, Warren Buffett has Nothing to do with Lee operations.