Wall Street Has Plans for Newspapers, and They Aren’t Pretty

Warren Buffett always had a soft spot for newspapers. He didn’t just own a lot of them. He described himself as a newspaper addict and fondly recalled delivering them as a teenager. For many years he hosted a newspaper-throwing contest at the annual meeting of his Berkshire Hathaway Inc. conglomerate, challenging anyone to toss a rolled-up paper closer to the front door than he could.

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