‘Why Warren Buffett is buying newspapers’

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.


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