Travis Hoium

Yeah, the combination of different business models would probably be a challenge for the New York Times and Substack.

But I don't know.

You're right, John, that a lot of the breaking news is now not necessarily coming from the big media outlets anymore.

It's coming from these smaller producers.

One of my hobby horses recently, as I look over at my Peloton bike that is collecting dust and my Garmin watch, is that these two companies make a lot of sense together.

Garmin

is a much, much bigger company.

It is a profitable company.

Peloton is struggling.

I think they need to find a buyer.

They're losing subscribers.

Garmin is trying to move into that subscription business.

One of the reasons I'm not doing it is because I'm already paying for Peloton.

Is there something there, John, where they can pull these two businesses together, match up the common user base,

and maybe make a bigger business than the sum of its parts.

All right.

Well, hopefully my

Peloton bike is still usable for the next few years, but maybe I'm on the wrong side of this.

Lou, you brought up this one before we started recording this segment, and I kind of like it.

Make the case for Berkshire buying PayPal.