“For most newspapers in the United states, we would not buy them at any price,” -Warren Buffett in 2009.
“I’ve loved newspapers all my life — and always will…. Berkshire will probably purchase more papers in the next few years.” -Warren Buffett in 2012.
Will the real Warren Buffett please stand up? Is the Sage of Omaha a sentimentalist or a skeptic when it comes to newspapers?
That the Berkshire Hathaway CEO has a particular soft spot in his heart for the medium has been clear since he picked up his hometown paper, the Omaha World-Herald, last fall, a purchase many wrote off as a charitable act.
Read More at Forbes. By Jeff Bercovici.