Buffett Says Free News Unsustainable, May Add More Papers

Warren Buffett, whose Berkshire Hathaway struck a deal this month to acquire 63 newspapers, says he may buy more publications as the industry rethinks whether to offer free content on the internet.”This is an unsustainable model and certain of our papers are already making progress in moving to something that makes more sense,” Mr Buffett wrote in a letter to editors and publishers of Berkshire’s daily newspapers.
http://www.bloomberg.com/news/2012-05-24/buffett-says-free-news-unsustainable-may-add-more-papers.html
http://www.smh.com.au/business/world-business/free-news-is-unsustainable-buffett-20120525-1z944.html

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