Berkshire Hathaway

[CityFarmer]

I think this is a very important paragraph on newspaper:

"Berkshire’s cash earnings from its papers will almost certainly trend downward over time. Even a sensible
Internet strategy will not be able to prevent modest erosion. At our cost, however, I believe these papers will meet
or exceed our economic test for acquisitions. Results to date support that belief."

Wonder what's the valuation that he acquired his 28 newspaper for?

I am interested to know its valuation too.

Stripping out invest-able fund, net cash/debt position, and properties up-to-date values (Paragon Mall, Clementi Mall and Seletar Mall), the SPH's media biz is valued as $2.28 with market price of $4.15

PBT of SPH's media biz is $335 mil i.e. $0.21, so the PE is around 11.

Is it value-for-money? IMO it is over-valued, that explain why i am fully divested.

(not vested)