Normally, anything that Warren Buffett invests in makes him money. His company, Berkshire Hathaway, is one of the richest companies in the world.

However, even Buffett can make a bad investment, which looks exactly like what he did with Scripps.

Berkshire Hathaway invested $600 million on Scripps preferred stock and it hasn’t gone very well.

Scripps stock is down about 70% so far in 2024, and off 90% from its 2021 high of $24.

That has shrunk its market value of Scripps to under $250 million.

I don’t think Scripps CEO Adam Symson is on Warren Buffett’s Holiday card list this year.