Washington Post: Buy a Media Company and Receive a Free For-Profit Education Company

By Chad Sandstedt of Value Investing Lab The year was 1998 and my first job out of college was at the Omaha World-Herald Company, publisher of the largest newspaper in Nebraska. The company was employee-owned and their approach was to re-invest the massive amounts of cash generated by the newspapers into other assets. It was actually a pretty neat structure developed by the former owner, Peter...