Berkshire Hathaway and Vanguard biggest investors in newspaper companies
- "Which investors are making the biggest bets in the newspaper business? To find out, I aggregated and ranked the total newspaper holdings of all of the top investors in each company. Here’s the result (leaving out News Corp., as noted above):
- with $703 million invested through a variety of funds in every public newspaper company:
- Vanguard would own 6.74 percent of it.
As Wall Street investments go, though, Vanguard’s across-the-board bet on newspapers is smaller than a rounding error — it has $1.4 trillion in invested assets, so its newspaper holdings are about 1/20th of a percent of its investments. And, to put the U.S. publishers in perspective versus the News Corp. juggernaut,
- Vanguard’s investment in News Corp. alone is worth $2.5 billion.
After Berkshire Hathaway and Vanguard, the list drops quickly to smaller investments by JP Morgan Chase ($543 million), Ariel Investments ($497 million), and BlackRock ($335 million). (BlackRock, with $3.6 trillion under management, is the world’s largest money manager and the sixth-largest owner of Gannett stock.)...
Generally, at all of these companies, the total institutional/mutual fund ownership is between 60 and 90 percent;
- insiders hold no more than single-digit percentages in the aggregate.
- to have a similar impact there."...