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Warren Buffett just bought his hometown newspaper the OMAHA WORLD-HERALD, reports Keach Hagey in POLITICO.
So, the question we all have is: is Buffett bullish on the newspaper industry or just having some fun? Two years ago, notes Hagey, he was a bear on the industry, claiming it had lost touch with readers. Buffett told the media that the WORLD-HERALD delivers solid profits.
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