Local Newspapers Are Dying Because They Don’t Represent America
62 million Americans voted for Trump, only 6 newspapers endorsed him.
Fri Feb 21, 2020 Daniel Greenfield
Warren Buffett started the year by dumping his portfolio of 30 newspapers in a fire sale. After having spent $344 million on a stable of local papers including the Richmond Times-Dispatch, the Buffalo News, and the Omaha World-Herald, the Oracle of Omaha had to let them go for a mere $140 million.
“They’re going to disappear,†Buffett said of the papers. “It went from monopoly to franchise to competitive to ... toast.â€
In February, McClatchy, the country's second largest local newspaper chain, the owners of the Fort Worth Star-Telegram, the Miami Herald, the Kansas City Star, the News & Observer, the State and many other major local papers, filed for bankruptcy.
https://www.frontpagemag.com/fpm/2020/02/local-newspapers-are-dying-because-they-dont-daniel-greenfield/