Warren Buffett, the billionaire who seems determined to single-handedly save the newspaper business, is reported to be keen on acquiring yet another smallish circulation daily title, the Allentown Morning Call.”
Allentown is our kind of place,” Buffett said of the Pennsylvania city. The paper is currently owned by the Tribune company, which is soon to emerge from bankruptcy protection.
There may be nothing to this particular rumour but Buffett, chairman of the investment company Berkshire Hathaway, has said he’d like to acquire more publications.
He has spent more than $342m £212m to buy 80 newspapers, one of which is his hometown paper, the Omaha World-Herald. The majority of his titles came in a single acquisition earlier this year when he bought from Media General.
Read the full story at Billionaire Buffett aims to buy more newspapers | Media | guardian.co.uk.
