http://www.businessweek.com/news/2012-12-11/buffett-reverses-course-with-342m-newspaper-bet

Bloomberg News

Buffett Reverses Course With $342M Newspaper Bet

December 11, 2012

Dec. 11 (Bloomberg) -- Bloomberg's Scarlet Fu reports that billionaire Warren Buffett has spent $342 million purchasing 81 newspapers following his comments of three years ago stating newspapers were a dying medium. She speaks on Bloomberg Television's "Bloomberg Surveillance."

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