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

Forgot your password?
TDN Services
Research millions of people and properties [+]
Monitor any person, property or company [+]

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 This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 19,446
MORTGAGES 0 0 22,433
FORECLOSURE NOTICES 0 0 2,922
BUILDING PERMITS 0 0 40,004
BANKRUPTCIES 0 0 12,486
BUSINESS LICENSES 0 0 6,374
UTILITY CONNECTIONS 0 0 7,395
MARRIAGE LICENSES 0 0 4,453