Warren Buffett: Newspaper Industry Got Too Complacent

Warren Buffett: Newspaper Industry Got Too Complacent

The newspaper industry got too complacent with its success years ago, says Warren Buffett, and failed to change its business model to grow with the times.

"It is so easy when you've got a wonderful business," Buffett told E&P during a recent interview. "Complacency is pretty easy and it is why they weren't looking over their shoulder at what was happening."

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