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CNBC Transcript Part 5: Warren Buffett Personally Owns Some JPMorgan Shares
CNBC.com | February 27, 2012 | 02:02 PM EST

Warren Buffett appeared live on CNBC's Squawk Box this morning, February 27, 2012, for his annual "Ask Warren" three-hour marathon.

This is part five of a transcript of his comments.

( Click here for part four )

BECKY: Welcome back to SQUAWK BOX. We are live in Omaha this morning at the World Herald Freedom Center. This is the printing presses for the Omaha World Herald. We're speaking to Warren Buffett, who's the chairman and CEO of Berkshire Hathaway.

And, Warren, for people who are just tuning in, we should tell them we're here because the Omaha World Herald is an acquisition that Berkshire Hathaway recently made.

BUFFETT: Yeah. In December of last year, just a couple months ago, Berkshire bought the Omaha World Herald. I've been reading it since I was about six. I study these things a while before I write a check and, you know, it's a terrific newspaper. I've read it every day, you know, throughout my lifetime, and it was employee-owned and there were some cash problems in terms of redemption of stock that was built into the system, so it become advisable to look for a new owner, and I'm glad they looked for me.

BECKY: Someone did write in and wanted to know if you had any say over the editorial content.

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