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VOL. 127 | NO. 40 | Tuesday, February 28, 2012

Buffett Says Newspapers Need to Charge Online

JOSH FUNK | AP Business Writer

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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 This material may not be published, broadcast, rewritten or redistributed.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 91 135 781
MORTGAGES 110 170 916
FORECLOSURE NOTICES 30 43 178
BUILDING PERMITS 133 290 1,948
BANKRUPTCIES 58 105 507
BUSINESS LICENSES 37 88 388
UTILITY CONNECTIONS 22 55 235
MARRIAGE LICENSES 12 24 105