Warren Buffett has always had a sweet spot in his heart for newspapers. Until he didn’t. In recent years, Buffet — once a paper boy, now a newspaper owner — has been quite vocal about the prospects of the industry. For instance in 2009 during a Berkshire Hathaway gathering in Omaha he told investors that the newspaper industry had the possibility of “unending losses” and that Berkshire would not buy most newspapers in the U.S. at any price.
When news of Comcast’s bid for NBC Universal broke on Sept 30 most of the spotlight focused on Comcast chairman and CEO Brian Roberts.
Corrects blog post to show Buffett was talking about YouTube, not Facebook.
Attention YouTube: Warren Buffett wants to give you money.
That’s the word from Liberty Media Chairman John Malone, who sat on a panel about digital media at the Allen & Co confab in Sun Valley on Tuesday.