Multi-Billionaire Warren Buffett has bought 63 mostly community newspapers from Media General. The price was 142-million dollars. Some are wondering how such a smart investor made such a dumb move. Newspapers have long been on the decline, but most community newspapers still are showing a profit. Local advertisers like newspapers that concentrate on local news. Regardless of whether the newspapers make money, it’s also a way to increase the probability of having a newsaper in your driveway every morning.
How to make sure you get your daily paper