Buffett on Newspapers: "Enormously Useful Product"

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By: Steve Jordon | Omaha World-Herald

MarketWatch's Jon Friedman wrote about Warren Buffett's decision to buy the Omaha World-Herald Co. through Berkshire Hathaway Inc., asking, "What does Buffett, not so long ago an outspoken pessimist on the subject of the newspaper industry's growth prospects, see in a small, Midwestern chain? ... Owning a newspaper can be a trophy for the super rich. Even with the best of intentions, an investment in the media doesn't always pay."































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