Home / Section: Newspaper industry
Warren Buffett bullish on newspaper’s future
Mr. Buffett went on a newspaper spending spree this year by buying more than 60 newspapers from Media General and a small stake in the newspaper company Lee Enterprises, a chain of mostly small dailies based in Iowa. At the time, he stressed that he had great confidence that newspapers would continue to be solid investments for decades to come.
“I think newspapers in print form, in most of the cities and towns where they are present, will be here in 10 and 20 years,” Mr. Buffett said. “I think newspapers do a good job of serving a community where there is a lot of community interest.”