The conference will be divided into two parts, centered around the Round table on the SREX.

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Still, a few large shareholders present at a brunch Buffett threw yesterday believe Buffett's role will eventually be divided into two parts between an executive who makes the investment decisions and a chief executive.

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Regulators might not like that, since the market will in effect be divided into three parts and limit the choice for buyers to two media powerhouses and a cluster of small companies.

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