May 6, 2013 / 12:00 PM / 4 years ago

BRIEF-Warren Buffett says hesitant to invest in media companies

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May 6 (Reuters) - * Warren buffett says hesitant to invest in media companies, says hard to

predict which will do well in 10 years -- cnbc * Warren buffett says easier for him to predict that "ketchup," referring to

pending H.J Heinz Co. purchase, or Coca Cola Co -will do well

in 10 years * Warren buffett says jc penney faces a "very tough" road to recovery * Warren buffett says jc penney Alienated A Significant part of its customer

base, has "good management" in place to help it rebound * Warren buffett says does not have investment in jc penney, but is rooting for

company to recover * Warren buffett says concept of budget sequester was "designed to be stupid,"

and "we deserve a congress better than that"

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