Buffett ready to buy more newspapers

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