(PRWEB) December 1, 1999
Press Release: The Buffalo Alternative Press
Buffalo, New York- 11/29/99
The Buffalo News has failed to report on the business associations between the Chairman of the paper, Warren Buffett and the Detroit International Bridge Company, which has proposed to build a toll bridge over the Niagara River between Buffalo,NY and Ft. Erie, Ontario.
According to two published biographies on Buffett, “The Wizard of Omaha”, at one point owned considerable stock in The Detroit International Bridge Company, the only privately owned toll bridge company in North America. The company owns and operates the Ambassador Bridge between Detroit, MI and Windsor, Ontario.
The information about Buffett=s relationship with the bridge company was not included in either of the two lead stories about the proposal (10/21/99 and 11/11/99). An editorial published on 10/30/99, urged a spirit of cautious optimism for the new bridge proposal, but again, failed to point out a potential conflict of interest.
Alt phoned Editor Margaret Sullivan about the matter. She, in turn verified our story with Publisher Stanford Lipsey. He claimed that Buffett had divested from the Company but gave no further details or evidence. Sullivan has indicated that the paper will not publish the story.
We at the Buffalo Alternative Press feel that in the interest of openness and ethical journalism, it is incumbent upon the editorial staff at The News to report these facts to the community, especially since the paper has published numerous editorials criticizing the Peace Bridge Authority, a joint international commission, which has been trying to construct a twin span of the Peace Bridge between Buffalo, NY. And Ft. Erie, Ontario.
Delays at this major international crossing have hurt both communities as they try to reap the benefits of huge increases in traffic resulting from The North American Free Trade Agreement.
Contact: John McMahon
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