Showing posts with label Berkshire Hathaway. Show all posts
Showing posts with label Berkshire Hathaway. Show all posts

Saturday, June 16, 2012

Saving Print Journalism



Two articles published by the Poynter Institute highlight aspects of efforts to save print journalism.
In signing a petition to save the The Times Picayune Garrison Keillor said, "A city without a daily paper is an office park with some malls." The owners of the Times Picayune laid-off  half the newsroom. In the second half of this year it will be published three days a week.

Newspapers are struggling mightily to survive against the Web, Social Media and mobile media as news sources. Warren Buffett bought 63 papers from Media General a few weeks ago. He has bought more since then. Buffett now owns 88. One of the papers he owns through Berkshire Hathaway, The Buffalo News, will erect a paywall for its on-line edition. 

There is speculation that Buffett would buy The Times-Picayune. Buffett acknowledged that he is following the situation in New Orleans but, he's not sure the current owners want to sell.