Buffett says free news isn't sustainable
US billionaire investor Warren Buffett, the new owner of 63 papers in the US, has weighed in on the free news debate, as Bloomberg News reports
Warren Buffett, whose Berkshire Hathaway fund struck a deal this month to acquire 63 newspapers, said 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," the legendary investor wrote in a letter to editors and publishers of Berkshire’s daily newspapers.
"We want your best...
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