Buffett Buys Omaha World-Herald

Jeff Koterba Warren Buffett Omaha World Herald
Jeff Koterba's Warren Buffett cartoon (click to view more of Koterba's cartoons)

In the current media landscape of corporate media ownership, it’s rare when a major newspaper is owned locally any more. It’s even stranger when that local owner is a billionaire.

Omaha, say hello to Warren Buffett, a local boy who made good, and has decided to purchase the Omaha World-Herald and add it to Berkshire Hathaway’s media holdings. According to Bloomberg,  The World-Herald reported the price as $150 million plus assumption of debt, giving Berkshire control of it alongside six other daily newspapers and several weekly newspapers across Nebraska and southwest Iowa. Interestingly, Buffett also owns The Buffalo News, home to Adam Zyglis, who we syndicate nationally with Cagle Cartoons.

World-Herald cartoonist and contributor Jeff Koterba was thrilled about the purchase (that’s his cartoon to the right).

“The news is breathtaking,” Jeff told me. “The World-Herald has a long history of local ownership and this move ensures that that tradition will continue. As a native Omahan who also happens to draw for his hometown newspaper, I couldn’t be more thrilled.”


Obama and the Debt Ceiling

As the August 2 deadline for raising the debt ceiling grows near, several economists and organizations, let by Warren Buffett, are calling for an end of the debt ceiling entirely, arguing it is nothing more than an “artificial limit” that ends up wasting time in Congress.

Speaking of wasting time, the Republican-controlled House is set to pass a balanced budget amendment that has no shot of passing the Senate, and that Obama has already said he’d veto. What do our cartoonists think of all these shenanigans? Check out our Obama and the Debt Ceiling cartoon collection to find out.


Buffett Donation

Buffett Donation Color © Daryl Cagle,,Bill and Melinda Gates Foundation, billions, Warren Buffett,charity,money,Berkshire Hathaway, Monopoly, donation, chest, respect, love, game