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Local Newspapers Are Dying Because They Don’t Represent America

62 Million Americans Voted for Trump, Only 6 Newspapers Endorsed Him


Local Newspapers Are Dying Because They Don’t Represent AmericaWarren Buffett started the year by dumping his portfolio of 30 newspapers in a fire sale. After having spent $344 million on a stable of local papers including the Richmond Times-Dispatch, the Buffalo News, and the Omaha World-Herald, the Oracle of Omaha had to let them go for a mere $140 million. “They’re going to disappear,” Buffett said of the papers. “It went from monopoly to franchise to competitive to ... toast.”
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