Buffett Says Newspaper Bet Fueled by Arkansas Model
Posted: 3/4/2013 | By: Margaret Collins, Edmund Lee & Noah Buhayar | Bloomberg
Warren Buffett, the billionaire
investor who’s been scooping up newspapers for his Berkshire
Hathaway Inc. (BRK/A), is looking to an Arkansas publisher as a model
for success in the digital age.
“The main exemplar for local newspapers is the Arkansas Democrat-Gazette, published by Walter Hussman Jr.,” Buffett wrote in an annual letter to Berkshire shareholders released yesterday. “Over the past decade his paper has retained its circulation far better than any other large paper in the country.”
“The main exemplar for local newspapers is the Arkansas Democrat-Gazette, published by Walter Hussman Jr.,” Buffett wrote in an annual letter to Berkshire shareholders released yesterday. “Over the past decade his paper has retained its circulation far better than any other large paper in the country.”