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Submission + - The coming end of "free content" news? (bloomberg.com)

Koreantoast writes: Warren Buffett, whose Berkshire Hathaway recently purchased 63 newspapers and plans to purchase more over the next few years, noted during an interview that the current free content model is unsustainable and will likely continue pushing toward more electronic subscription models. This coincides with moves by other newspaper companies like Gannett and the New York Times which are also erecting paywall systems. Buffett notes that newspapers which focus on local content, their unique product, would succeed even if they lose subscribers because their services are irreplaceable. Is this the beginning of the end of "free content" for local news?

Drilling for oil is boring.