In a piece that’s essential reading for anyone interested in the business of journalism, CNNMoney.com has a story on the challenges facing the Washington Post

It includes this nugget from Post director and shareholder Warren Buffett, on the topic of online journalism: “The ideal combination would be if the New York Times, the Wall Street Journal and the Post had a joint website, and you couldn’t get any one individually. That, you could sell for a fair amount of money, and it would have one hell of a readership.”

Ya, but would that be before or after Rupert Murdoch has his hands on the WSJ?

Hat tip: Romenesko