Buffett To Buy Over New York Times Co.

Quote of the day "Eyes that look are common. Eyes that see are rare."

This is information from Cocktail Investor

"Warren Buffett has shown himself to be a big supporter of the newspaper industry, where he currently owns stakes in some of the largest newspapers in the U.S., including the Washington Post. Buffett has also acted as director of the Post for over 20 years in two separate appointments. Knowing this, is it time for Buffett to bite off a bigger slice of the newspaper pie?

With the newspaper industry currently experiencing a drop in advertising profits due to the increase in internet news sites, privatization could be a logical next step. For approximately $20 billion, Buffett could purchase the New York Times Co., which owns many valuable subsidiaries including the Boston Globe and the Wall Street Journal. Whether or not Berkshire decides this is the right direction for them is uncertain, but one thing we do know, is that it can afford it!"

As we know that buffett will look for good economics business to buy and also to buy it at the right price. The questions here are:
1) Is New York Times Co. offer good economics of business?
2) Do this industry still offer some form of consumer monopology?
3) Does internet ends the monopology of the newspaper market?

If your answer is yes, yes, no. Then, there is a high chances that Buffet will buy another newspaper company now. Let's see.....