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Warren Buffett Buys Hometown Newspaper

At $200M, purchase not about investing

By Mark Russell,  Newser Staff

Posted Dec 1, 2011 2:57 AM CST

(Newser) – Warren Buffett makes news for his multi-billion-dollar investments, not a piddly $200 million—but Buffett surprised many people when he announced yesterday he was spending that to buy his hometown newspaper, the Omaha World-Herald, reports Bloomberg. The billionaire slammed the newspaper industry two years ago,...   Read full story »

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Media • Money

 
newspaper • Warren Buffett • Omaha • newspaper industry

 
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