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ENTITY
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Stanford Lipsey
Stanford Lipsey was the manager of Sun Newspapers and Blacker Printing Company following their acquisition by Berkshire Hathaway in 1969.
📝 Leadership at Sun Newspapers
- Role: He oversaw the operations of five weekly newspapers in the Omaha, Nebraska area.
- Buffett's Evaluation: Buffett praised him as an "able" manager and noted that the purchase, while small, held potential for future expansion under Lipsey's guidance.
📰 The Buffalo News
In 1983, Lipsey was named Publisher of The Buffalo News upon the retirement of Henry Urban.
- Proven Manager: Lipsey had worked with Henry Urban for several years and had been a Berkshire manager since 1969.
- Nuts-and-Bolts: Buffett noted that Lipsey was personally involved in all aspects of the business, from editorial to circulation.
- Succession: "We couldn’t do better," Buffett wrote regarding the transition.
🔗 Connections
- Company: Sun Newspapers
- Source: 1968 Letter
📚 Historical Mentions & Citations (1)
Click a reference document below to expand and read the exact paragraph(s) containing this concept in the archive.
📜1968 LetterExcerpt Available▼
1968 LetterExcerpt Available
Immediately after year end, we purchased all of the stock of Sun Newspapers, Inc. and Blacker Printing Company, Inc., which represents an initial entry into the publishing business. This purchase involved only a small portion of our funds available for acquisition. Sun Newspapers, Inc. publishes five weekly newspapers in the Omaha, Nebraska area, with paid circulation of about 50,000. A related printing business is conducted by Blacker Printing Company, Inc. This purchase, while small, has potential for future expansion. The operations will continue under the able management of Stanford Lipsey.