Thursday, May 06, 2004

Buffett on Newspapers

Warren Buffett is an avid newspaper reader, but he doesn't think many other people are anymore. Buffett, who owns The Buffalo News and a piece of the Washington Post Co., thinks newspaper returns will "deteriorate." Quoting a Reuters article from earlier this week, the print media has lost importance and ... he doesn't see anything reversing the trend.

So there's a little reality check.

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