Billionaire investor Warren Buffett is prepared to acquire more newspapers following his $200m acquisition last year of the Omaha World Herald.
According to the Sunday Telegraph, the 81-year old "Sage of Omaha" told shareholders of his Berkshire Hathaway company:
"I think there is a future for newspapers that exist in an area where there is a sense of community.
"We may buy more newspapers. I think the economics will be ok, but it will be nothing like the old days."
Source: Sunday Telegraph
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