The future isn’t looking so good when Warren Buffett can find only two newspapers that have an ‘assured future.’ Fred Imbert:
Warren Buffett thinks only two newspapers are certain to survive the industry’s hugely difficult climate: The Wall Street Journal and The New York Times.
If you look, there are 1,300 daily newspapers left in the United States. (Berkshire Hathaway has) 31 of them. There were 1,700 or 1,800 not too long ago. Now, you’ve got the internet. Aside from the ones I mentioned, 1,400 or 1,300 of them haven’t figured out a way to make the digital model complement the print model.”
What will happen to President Trump when Twitter goes bust? As it must.