USA Today columnist Rem Rider interviewed Berkshire Hathaway chairman Warren Buffett about the newspaper business. The interview, published in USA Today, had Buffett conceding, “We haven’t cracked the code yet. Circulation continues to decline at a significant pace, advertising at an even faster pace. The easy cutting has taken place. There’s no indication that anyone besides the national papers has found a way.”
Buffett talks about the initial misstep of giving digital content away and thinks that the quality of news reporting has suffered due to cutbacks brought on by digital business strategies.
BH's media group owns 32 daily newspapers and 47 weekly newspapers, and Buffett's commitment to them is resolute.
Read the interview in its entirety .