Community newspapers are still the centerpiece of communication
The news a few weeks ago that the savvy investor, Warren Buffet, had purchased 63 Media General newspapers for $142 million showed to me that he knows the newspaper business isn't what it used to be, but it is a steady thread in each community, and one that is going to remain so for many years.
In his purchase, Buffet says that he doesn't expect to make a bunch of money from the newspapers, but rather he is challenging the belief that the newspaper is all but dead.
I have to admit, the business isn't like it used to be. We, in the industry, continue to try find ways to give our readers what they want, in the form that they want it. Online, mobile and tablet formats are commonplace in most dailies today. But, as Buffet so pointedly put it in one interview, "the internet revenue is peanuts ...