Quick Bite: Warren Buffet Buys Newspapers
From the Boston Herald:
Billionaire superinvestor Warren Buffett on Thursday placed another bet on the industry as his company, Berkshire Hathaway, announced the purchase of 63 newspapers from Richmond-based Media General for $142 million. The company will add daily and weekly newspapers in Alabama, Virginia, North Carolina and South Carolina to its existing papers at the Omaha World-Herald Co.
Why didn’t he just give that money to the government?