Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Buffett Calls Allentown ‘Our Kind of Place’ to Buy Paper

Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., told the Allentown Morning Call that the Pennsylvania community is “our kind of place” for investing in a newspaper.

Buffett, who has spent more than $340 million on 80 newspapers, was asked by the publication if he would consider purchasing it. The Morning Call is owned by Tribune Co., which may put dailies up for sale as the company emerges from bankruptcy, people familiar with the matter said this week.

“We haven’t heard anything from the Tribune Co.,” Buffett told the Morning Call after the newspaper e-mailed him an inquiry. “But if the phone rings, I’ll answer.”

Buffett has said he targets newspapers in towns where there is a sense of community. The newspaper industry is facing shrinking demand for print advertising, declining circulation and encroachment from Internet companies such as Google Inc. and Facebook Inc.

Buffett didn’t return a message left by Bloomberg News with an assistant seeking comment. Gary Weitman, a spokesman for Chicago-based Tribune Co., declined to comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.