the oracle of omaha
Warren Buffett Keeps Buying Newspapers, for Some Reason
The old white man fascination with ink on paper persists as Warren Buffett's Berkshire Hathaway announces its plan to acquire 63 newspapers from Media General for $142 million. The paper boy-cum-billionaire also purchased an Omaha-based newspaper chain last year, despite telling investors in 2009 that the business was a "terrible" one with "the possibility of unending losses" and "[nothing] on the horizon that causes that erosion to end." Oh well, who cares! Nostalgia: priceless.
