For about $20 billion, Pauly says, Buffett could grab all these desperate companies in one fell swoop. That would give him ownership of, essentially, every important paper in America.
I'm sure Warren Buffett is a nice, honest guy. But that proposal is the scariest thing I've heard in a long time. Nobody, whether conservative, liberal, or otherwise, should be able to control what amounts to the entire news agenda for the US and much of the rest of the world. I know newspaper companies are in trouble, but dang.