Buffett ‘Puzzled’ Over New Orleans Paper’s Publication Cutback

Warren Buffett, whose Berkshire Hathaway Inc. is expanding in media with the purchase of 63 newspapers, said he’s surprised the Times-Picayune of New Orleans will cut its publication schedule to three days a week.

“It seems to me that three days a week is simply unsustainable over the long term,” Buffett wrote in a letter to musician Evan Christopher that was posted today on the NolaVie website. “I’m puzzled as to why the economics don’t work on a seven-day basis.”