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Warren Buffett Punked WaPo Publisher Katharine Graham

Okay, this is just strange.

The Washington Post is getting a feature in the April Issue of Vanity Fair. An excerpt shows how investor Warren Buffett thinks that the Post’s business model is not working: “The Washington Post is a local newspaper,” he said. “The newsroom, kindled by what happened at Watergate, liked to think of themselves as national. And they are national, in an important respect, but they’re not national as a business. And they don’t have a business model that works nationally.”

As proof, he cites an anecdote about punking Katharine Graham, publisher of the Post for two decades.

““We were flying one time to Omaha on United Airlines, back when I used to fly commercial,” he recalls. “I said to her, ‘Kay, that pilot looks a little inexperienced.’ I said, ‘I’m not sure he’ll really be able to fly to Omaha.’ So, I said, ‘Do me a favor. Would you mind drawing a map of the United States that we could help him with, showing where Omaha is?’ Well, she started drawing a map, and of course she got as far as Chevy Chase, Maryland, and she didn’t have the faintest damn idea.”

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