BUSINESS BRIEF
Buffett says he passed on Washington Post
10/24/2013OMAHA — Investor Warren Buffett says he didn’t buy the Washington Post because he didn’t want it to be a burden on his company or family.
Mr. Buffett’s Berkshire Hathaway Inc. conglomerate was the largest Washington Post Co. shareholder before it was sold to Amazon CEO Jeff Bezos, so it makes sense Mr. Buffett thought about it. But Mr. Buffett told Fortune magazine he only briefly considered buying the Post because he didn’t want to saddle Berkshire’s next CEO or his children with a metro newspaper.
Berkshire owns 31 small and medium-sized daily newspapers that Mr. Buffett bought.