I can't necessarily disagree with Buffett's thought process here. Roger McNamee may be right in that we are seeing a return of premium content due to the monetization problems with mobile advertising and the consumer's dislike of them. Of course, I do have my concerns with some like Mary Meeker whom believe otherwise.

There are holes that aggregation sites like the Huffington Post simply cannot fill and I do believe that consumers are looking for something more. It may be because the they are becoming accustomed to paying for applications on mobile devices.