Warren Buffett Might Save More Newspapers
Attention owners of small, dying newspaper across the nation: Warren Buffett’s warm embrace of print is not done yet. Buffett saved his local paper — The Omaha World Herald — last year, purchasing it for $200 million. According to The Telegraph, the 81-year-old is open to losing even more money:
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.
Huzzah!
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