Buffett bucks trend by buying newspapers

Unfazed by predictions of the death of newspapers, billionaire Warren Buffett is pumping more money into print.

In the past year, one of the world's richest men and sharpest investors has put some $300 million into an industry that some view as heading the way of the horse and buggy.

Buffett's Berkshire Hathaway holding company late last year bought his hometown newspaper, the Omaha World-Herald, along with related assets in a $200 million deal some analysts viewed as a sentimental move.