Naples firm invests $14M in newspapers, buys 5% stake in Dallas Morning News

The beleaguered newspaper industry has been written off by many — including Warren Buffett. Naples billionaire David Hoffmann believes the industry is ripe for a big comeback.


Pason Gaddis and David Hoffmann believe the newspaper industry has hit a bottom in valuations.
Pason Gaddis and David Hoffmann believe the newspaper industry has hit a bottom in valuations.
Photo by Stefania Pifferi
  • Charlotte–Lee–Collier
  • Share

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content