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Buffett buys his 30th newspaper | Buffett buys his 30th newspaper |
(4 months later) | |
Warren Buffett, the legendary investor who is building a portfolio of small-city newspapers, has bought another title - the Roanoke Times of Virginia. | Warren Buffett, the legendary investor who is building a portfolio of small-city newspapers, has bought another title - the Roanoke Times of Virginia. |
The 76,000-circulation daily becomes the 30th daily paper owned by Buffett's BH media group, a division of his Berkshire Hathaway. | The 76,000-circulation daily becomes the 30th daily paper owned by Buffett's BH media group, a division of his Berkshire Hathaway. |
Buffett said in his annual letter to shareholders in March that he and business partner Charlie Munger "love newspapers" and "believe that papers delivering comprehensive and reliable information to tightly-bound communities and having a sensible Internet strategy will remain viable for a long time." | Buffett said in his annual letter to shareholders in March that he and business partner Charlie Munger "love newspapers" and "believe that papers delivering comprehensive and reliable information to tightly-bound communities and having a sensible Internet strategy will remain viable for a long time." |
Sources: CNN/Roanoke Times | Sources: CNN/Roanoke Times |
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