Warren Buffett Sees Most Newspapers as ‘Toast’ After Ad Decline | WHAT REALLY HAPPENED


Warren Buffett Sees Most Newspapers as ‘Toast’ After Ad Decline

Warren Buffett, the man behind a print-media empire that includes the Buffalo News and Omaha World-Herald, doesn’t think most newspapers can be saved.

The decline of advertising gradually turned the newspaper industry “from monopoly to franchise to competitive,” the billionaire chief executive officer of Berkshire Hathaway Inc. said in an interview with Yahoo Finance. And now most newspapers are “toast.”

“The world has changed hugely,” Buffett said in the interview with Yahoo Finance, which will serve as the livestream host for Berkshire’s shareholder meeting.

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