Warren Buffett: ‘Newspapers Have Got a Terrible Future’
Warren Buffett, the second richest man in the world and CEO of Berkshire Hathaway (NYSE:BRK.A), doesn’t have much faith in the future of print media.
In an interview on CNBC’s Nov. 3 “Squawk Box,” following the announcement of his purchase of Burlington Northern (NYSE:BNI), Buffett was asked to comment on the future of news media, in particular newspapers and business news by “Squawk Box” co-host Becky Quick. Buffett is optimistic on the future of business news.
“Our system has just gotten started,” Buffett said. “I mean, we’ve had a couple of hundred years of progress, but we have not exhausted our potential in this country. America’s about business and business in America, you know have gone to greatness hand and hand. So, you do not need to worry about CNBC 10 or 20 or 30 years from now. Business will always be important to the American public.”
…more (w/video)…
(Excerpt) Read more at newsbusters.org …
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