Warren Buffett, the second richest man in the world and CEO of Berkshire Hathaway (NYSE:BRK.A), doesn't have much faith in the future of print media.
In an interview on CNBC's Nov. 3 "Squawk Box," following the announcement of his purchase of Burlington Northern (NYSE:BNI), Buffett was asked to comment on the future of news media, in particular newspapers and business news by "Squawk Box" co-host Becky Quick. Buffett is optimistic on the future of business news.
"Our system has just gotten started," Buffett said. "I mean, we've had a couple of hundred years of progress, but we have not exhausted our potential in this country. America's about business and business in America, you know have gone to greatness hand and hand. So, you do not need to worry about CNBC 10 or 20 or 30 years from now. Business will always be important to the American public."

"Jon Corzine is the kindest, bravest, warmest, most wonderful human being I've ever known in my life."
Melissa Harris Lacewell penned
Vincent Fumo's chronicle of corruption is extraordinary, even by the "standards" of Philadelphia, PA.
Two situations over the weekend illustrate that the Associated Press's habitual failure to identify the political party of Democrats in trouble is more than likely a conscious decision. This is despite the AP Stylebook's guidance (as of 2000, the latest free edition I can find; a PDF
Former Philadelphia Inquirer editorial page editor Chris Satullo, who in a July 1, 2008 editorial suggested that “America doesn't deserve to celebrate its birthday” on Independence Day due to the “waterboarding, the snarling dogs, the theft of sleep” used on some enemy combatants since 9/11, has been hired to become the director of news operations for WHYY, the PBS affiliate in the Philadelphia area.
The chair of the Connecticut College history department, Catherine McNicol Stock, has suggested that Sarah Palin is somehow associated with Pacific Northwest hate groups such as Posse Comitatus and the Aryan Nations. Her proof? Well, because Palin lived in areas with low "diversity." I kid you not.
Mario Cattabiani of the Philadelphia Inquirer wants you to know that Governor Sarah Palin's
You know, I was wondering when this was going to happen, when someone in the MSM would say Bush has ruined July Fourth? The Philadelphia Inquirer didn't disappoint by wallowing in the worst example of blame-America-above-all as well as the most extreme case of BDS that I've seen outside the kind of nutroot sites like Daily Kos and the Democratic Underground. A mainstream paper has now gone that extra mile to let us all know that America does not deserve a July Fourth celebration this year because of Abu Ghraib, Guantanamo, CIA secret prisons, and, lest you imagine otherwise, the fact that we have made George W. Bush our president. "Cancel the parade" because America is evil. It's all there in all it's anti-American splendor in