Sunday, May 03, 2009 Buffett: Wouldn’t Buy More Newspapers ‘At Any Price’

"Warren Buffett will keep the Buffalo News and a stake in the Washington Post Company (NYSE: WPO)—but won’t play white knight for the newspaper industry. The billionaire financier told shareholders at the Berkshire Hathaway annual meeting taking place today in Omaha, Neb., that newspapers face possible “unending losses” and that the company would not buy most U.S. newspaper “at any price,” according to MarketWatch and WSJ."

1 comment:

Jess said...

Newspapers like the new york times as good of a name they have are in a dying industry.