Buffett says Berkshire may buy more newspapers

Warren Buffett's Berkshire Hathaway will spend $142 million in cash buying 63 of Media General's daily and weekly newspapers, along with their commercial printing businesses.Former paperboy and current Omaha billionaire Warren Buffett is throwing the weight of Berkshire Hathaway Inc.

Unfazed by predictions of the death of newspapers, billionaire Warren Buffett is pumping more money into print.In the past year, one of the world's richest men and sharpest investors has put some $300 million into an industry that some view as heading the way of the horse and buggy.Buffett's Berkshire Hathaway holding company late last year bought his hometown newspaper, the Omaha World-Herald, along with related assets in a $200 million deal some analysts viewed as a sentimental move.

Former paperboy and current Omaha, Neb., billionaire Warren Buffett is throwing the weight of Berkshire Hathaway Inc.

By David Merkel: Buffett made a few comments over the weekend that I thought were significant.

This week is the annual shareholder meeting for Berkshire Hathaway, the gigantic conglomerate run by billionaire Warren Buffett. Buffett has a way of explaining complicated finance topics so that they're fun and understandable.

Warren Buffett, the billionaire investor who oversees stakes in some of the largest U.S. banks, said the nation’s lenders have rebuilt capital to the point where they no longer pose a threat to the economy. “The banks will not get this country in trouble, I guarantee it,” Buffett, chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc., said in a phone interview last week. “The capital ratios are huge, the excesses on the asset side have been largely cleared out.”