‘Why Warren Buffett is buying newspapers’

Jack Shafer reports on Warren Buffett:

http://fittoprintfilm.files.wordpress.com/2012/05/warren-buffett1.jpg?w=285

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/

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