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Warren Buffett: 'Newspapers Have Got a Terrible Future' Newsbusters, by Jeff Poor
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Original Article
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Posted By:Rufus2007, 11/4/2009 4:14:34 AM
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| Warren Buffett, the second richest man in the world and CEO of Berkshire Hathaway (NYSE:BRK.A), doesn't have much faith in the future of print media. In an interview on CNBC's Nov. 3 "Squawk Box," following the announcement of his purchase of Burlington Northern (NYSE:BNI), Buffett was asked to comment on the future of news media, in particular newspapers and business news by "Squawk Box" co-host Becky Quick. |
Comments: Not exactly a newsflash coming from Buffett, but maybe he'll jump on board a newspaper bailout since he owns the Buffalo News. |
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Reply 1 - Posted by:
plainjane, 11/4/2009 5:26:20 AM (No. 5998132) Time for the print media to enter the twenty-first century.
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Reply 2 - Posted by:
strike3, 11/4/2009 5:54:05 AM (No. 5998147) They don't have much of a past either.
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Reply 3 - Posted by:
MsCharlotteVale, 11/4/2009 6:33:34 AM (No. 5998189) The world has changed. I didn't have access to TV (one channel) until I was seven; didn't have access to a phone or air conditioner (window) until I was about 14. Paper newspapers no longer fill a void that can't be met elsewhere. I remember a time when I spent all day Sunday reading the paper. Everyone except "journalists" has moved on.
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Reply 4 - Posted by:
RiverRat, 11/4/2009 11:11:23 AM (No. 5999068) Our local newspaper--owned by a proclaimed Democrat--is biased to the point that on the "letters to the Editor" page..........the page is filled with Pro Obama/Liberal slanted letters..................and my area is over-whelmingly Republican!!! I looked some of the letter-writers names up--most were on the payroll of the paper. FAIR AND BALANCED?????
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Reply 5 - Posted by:
mcvn6789, 11/4/2009 1:00:59 PM (No. 5999415) They have a future?
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