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Interesting story on Rupert's desire to own the LA Times:

I'm not a proponent of Berkshire's newspaper strategy but at least we aren't buying the big city papers.

As an aside, this weekend I was having a discussion with family members who have subscribed to a daily newspaper for the past 45 years. They now have an iPad and switched to Sunday only service because the local paper has a free app. Why Sunday only? Sounds to me like a matter of habit but even that is likely to be broken eventually.

When people only a decade or so younger than Buffett start to abandon print, the end is drawing closer than we expect ... I maintain my prediction that in 20 years there will be no print dailies and I give 50/50 odds to extinction within 10 years.
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