» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 40 | Tuesday, February 28, 2012

Buffett Says Newspapers Need to Charge Online

JOSH FUNK | AP Business Writer

Print | Front Page | Email this story | Comments ()

OMAHA, Neb. (AP) – Warren Buffett says newspapers need to stop giving away their product for free online, but they will have a decent future if they continue delivering information that can't be found elsewhere.

Buffett talked about the news business on CNBC Monday because his Berkshire Hathaway owns two newspapers and has a sizeable investment in the Washington Post Co.

Buffett says newspapers face challenges because of competition from Internet news sources and the rising cost of newsprint. He says newspapers need to make sure they remain the primary source of information about subjects readers are interested in.

He was being interviewed in front of the Omaha World-Herald's printing presses. Buffett's Berkshire bought the World-Herald late last year.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 43 238 964
MORTGAGES 75 329 1,319
FORECLOSURE NOTICES 26 89 297
BUILDING PERMITS 144 648 1,990
BANKRUPTCIES 67 304 943
BUSINESS LICENSES 23 107 394
UTILITY CONNECTIONS 104 383 1,325
MARRIAGE LICENSES 15 62 194

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.