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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 This material may not be published, broadcast, rewritten or redistributed.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 120 120 21,080
MORTGAGES 130 130 24,262
FORECLOSURE NOTICES 7 7 3,108
BUILDING PERMITS 138 138 43,572
BANKRUPTCIES 44 44 13,512
BUSINESS LICENSES 13 13 6,725
UTILITY CONNECTIONS 7 7 7,906
MARRIAGE LICENSES 19 19 4,753