On: Buffett to buy 63 newspapers

[ThomPete]

Although this seems like a weird move it's my guess that he is betting on at least one of those papers being the long time survivor after a consolidation of the market.

For $142 million he should be able to make money one way or another.

But this is of course my (very un-educated) guess.

[jeffool → ThomPete]

I think you're right. A purchase of this size is bound to be able to new a few wins, even if it's via consolidation.

And who knows, maybe iTunes/Amazon has convinced him that "content" has a future.