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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 TimesSources: CNN/Roanoke Times
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