Future Of Newspapers: 'Rich Guy Play Toy'?
Gawker, Wednesday, May 23, 2012 2:57 PM
Media General is a chain of small-ish newspapers across America. Not a particularly prestigious or savvy chain of newspapers, and the company's value has been nosediving off a cliff for the past five years along with most of the rest of the newspaper industry. But! Media General has now been purchased by Mr. Warren Buffett. And just like that, this mediocre little newspaper chain becomes the embodiment of the industry's future.
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