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Buffett ready to buy more newspapers

By: Yossel in BRKB | Recommend this post (0)
Tue, 08 May 12 12:58 PM | 245 view(s)
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Buffett ready to buy more newspapers

Billionaire investor Warren Buffett is prepared to acquire more newspapers following his $200m acquisition last year of the Omaha World Herald.

According to the Sunday Telegraph, the 81-year old "Sage of Omaha" told shareholders of his Berkshire Hathaway company:

"I think there is a future for newspapers that exist in an area where there is a sense of community.

"We may buy more newspapers. I think the economics will be ok, but it will be nothing like the old days."

Source: Sunday Telegraph

Roy Greenslade

Tuesday 8 May 2012 03.55 EDT guardian.co.uk

link-
http://www.guardian.co.uk/media/greenslade/2012/may/08/warrenbuffett-newspapers




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