Buffett Poised to Add Newspapers as Publishers Face Slump
Posted: 7/16/2012 | By: Noah Buhayar | Bloomberg.com
Warren Buffett, the chairman of Berkshire Hathaway Inc. (BRK/A), said he may increase his journalism bet as publishers seek to get rid of newspapers with falling sales.
“I like buying individual papers at the right prices,” Buffett said today on Bloomberg Television’s “In the Loop With Betty Liu” in an interview from an Allen & Co. media conference in Sun Valley, Idaho. “The prices should be low because their revenues are going to decline.”
“I like buying individual papers at the right prices,” Buffett said today on Bloomberg Television’s “In the Loop With Betty Liu” in an interview from an Allen & Co. media conference in Sun Valley, Idaho. “The prices should be low because their revenues are going to decline.”