Should you follow Warren Buffett into newspapers?

Warren Buffett surprised many people recently when he bought a US newspaper group. Matthew Partridge looks at whether you should follow suit, and picks two stocks for the adventurous investor.

Newspaper businesses are under attack. In both the US and UK circulation continues to plunge while readers and advertisers keep moving online. Meanwhile legal judgments are making it easier to sue the press for "breaches of privacy". No wonder embattled media mogul Rupert Murdoch thinks print papers will only survive for another twenty years. Indeed, one American study reckons that within five years there may be only four papers left in the US.

In this context, Warren Buffett's decision to buy Media General, which owns 63 local papers in the US, may seem odd. Does he know something that everyone else doesn't?

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri