Jack Shafer reports on Warren Buffett:
Just because Warren Buffettblew $142 million in cash on 63 daily and weekly Media General newspaper titles yesterday doesn’t mean that newspapers are back. All it means is that an old cow that’s still a milker has been moved to a neighboring farm’s pasture, where it will be squeezed until it can give no more and will then be ground into pet food.
http://blogs.reuters.com/jackshafer/2012/05/18/so-warren-buffett-likes-newspapers-again/
