Buffett Says Free News Unsustainable, May Add More Papers [Bloomberg]
Warren Buffett, whose Berkshire Hathaway Inc. (BRK/A) struck a deal
this month to acquire 63 newspapers, said he may buy more publications
as the industry rethinks whether to offer free content on the
Internet. “This is an unsustainable model and certain of our papers
are already making progress in moving to something that makes more
sense,” Buffett wrote in a letter to editors and publishers of
Berkshire’s daily newspapers. “We want your best thinking as we work
out the blend of digital and print that will attract both the audience
and the revenue we need.”
Comments [0]