Buffett Expects 10 Percent Return From Newspapers
Posted: 5/6/2013  |  By: Andrew Beaujon | Poynter
Warren Buffett says Berkshire Hathaway “has paid cheap enough prices for the newspapers it has purchased that he expects them to deliver 10 percent returns every year, but he also expects newspaper earnings to continue declining,” an unbylined AP report says. Berkshire’s annual meeting was held this past weekend.