Buffett visited his alma mater, Woodrow Wilson High School, in June. (Photo courtesy of DCPS)
Just because Warren Buffett started buying up dozens of small-town and suburban newspapers this year, it apparently doesn’t mean he’s going to keep all of them in business. Two Northern Virginia papers snapped up this year by Buffett’s holding company, Berkshire Hathaway, will be going out of print at the end of the year.
The Manassas News & Messenger’s last issue will be published December 30, Washington Business Journal reports. The weekly regional paper Inside NOVA will also be shuttered at the end of the year, along with its online presence.
When Buffett announced he had purchased 63 papers from Media General (which retained ownership of the Tampa Bay TimesTribune), he told The New York Times he believed in the importance of the small-market newspaper:
“In Grand Island, Nebraska, everyone is interested in how the football team does. They’re interested in who got married. They’re maybe even more interested in who got divorced,” Mr. Buffett said, adding that he was not interested in sprawling markets like New York or Los Angeles. “If you live in South Central Los Angeles, you’re not interested in who dies in Beverly Hills.”
But Buffett’s loyalty to the Berkshire stockholders is still more powerful than that to print media, it appears. Thirty-three people will lose their jobs when the 10,000-circulation News & Messenger closes in December. Berkshire is cutting another 72 jobs from its newspaper group, WBJ reports, but they are all on the corporate side.
Correction: This article originally stated Media General owned The Tampa Bay Times. It owned The Tampa Tribune, but sold that paper last month.