Billionaire Warren Buffett is buying newspapers so it follows that he must think the printed word is a good investment. Buffett has a reputation as being a very successful investor.
He recently bought his hometown newspaper, the Omaha World-Herald. Now he is buying 63 newspapers from Media General, a large conglomerate in the media world. It’s a $142 million deal. The deal includes the Richmond, Va., Times-Dispatch and the Winston-Salem Journal.
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