Affiliated Publications, Inc.

Affiliated Publications, Inc. was a media company, most notably the parent company of the Boston Globe, that became a significant common stock holding for Berkshire Hathaway in 1980.

📝 The Investment

• Portfolio Concentration: Identified in the 1980 letter as a major holding with a large unrealized gain.
• Position (1980): Berkshire held 434,550 shares with a cost of $2.8 million and a market value of $12.2 million.
• Strategic Fit: Consistent with Buffett's theme of investing in dominant "franchise" newspapers in major metropolitan markets.

🔗 Connections

• Company: The Washington Post Company (Peer)
• Source: 1980 Letter