American billionaire investor Warren Buffett says if he saw the right newspaper he would “buy it tomorrow”.
Mr Buffett made the comments in an interview with The Australian this week. He told the newspaper that he reads five newspapers a day and “I feel good when I’m reading newspapers”.
In 2013, Mr Buffett purchased 28 local newspapers in the United States for a combined total of $344 million. In March this year he bought another two in Virginia.
At the time, he wrote: “if you want to know what’s going on in your town, whether the news is about the mayor or taxes or high school football, there is no substitute for a local newspaper that is doing its job.”
Guardian to experiment with mobile delivery
The Guardian has won a US$2.6 million grant from the Knight Foundation which it will use to test new ways of delivering the news on mobile platforms.
A team of reporters, designers and developers will be created in the US office who will be asked to experiment with different formats of consuming mobile content, media news website Press Gazette reports.
“Through the Guardian innovation lab, we hope to develop a deeper understanding of how people use and consume mobile news, while also learning how best to engage audiences as participants in spreading and creating content,” Knight Foundation vice president for journalism Jennifer Preston told Press Gazette.
The Guardian says it will share all the research and data it generates.
Former LA Times editor John Carroll dies
John Carroll, the editor of the Los Angeles Times who led the paper to 13 Pulitzer Prizes in just five years, died this week at 73.
The Times described him as a “courageous editor,” and remembered his emphasis on investigative journalism.
He left the paper as it experienced financial hardship, concerned that cuts would damage its coverage.
Mr Carroll had previously been editor of the Lexington Herald-Leader and the Baltimore Sun.