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Time, Inc.

Time, Inc. was a preeminent American media and publishing company that became a significant "non-controlled" investment for Berkshire Hathaway in the early 1980s.

📝 Investment Context

In the 1982 Letter, Time, Inc. appeared as a major common stockholding with 1,531,391 shares at a cost of $45.2 million and a market value of $79.8 million.

🏗️ Role in Berkshire's Strategy

  • Franchise Value: Time, Inc. possessed some of the world's most powerful media brands (Time, Life, Fortune, Sports Illustrated), aligning with Buffett's preference for businesses with dominant consumer franchises.
  • Media Concentration: This investment, alongside The Washington Post Company, Affiliated Publications, Inc., and Media General, showed Berkshire's heavy concentration in the publishing and media sector during the early 1980s.

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