Friday, May 25, 2012

Compare and Contrast: Warren Buffett vs. Dailies in Alabama, Nola

Posted By on Fri, May 25, 2012 at 8:45 AM

Dan Gibson yesterday posted the news that New Orleans' Times-Picayune and three Alabama dailies were, well, moving away from being dailies—in print, at least—by cutting down to three days of dead-tree per week.

A lot of folks took this news—appropriately—as yet another nail in the coffin of the print media.

But not so fast.

There was other biggish media news this week: Warren Buffett, who know a thing or two about business, wants more newspapers in his portfolio—not bigger dailies, but smaller community-focused newspapers.

Buffett said he believes newspapers will do well if they remain the primary source of information about their communities.

"It's your job to make your paper indispensable to anyone who cares about what is going on in your city or town," he said.

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