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Buffett's Latest Buy: 63 More Newspapers

In $142M deal

By the Associated Press

Posted May 17, 2012 9:56 AM CDT

(AP) – Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc. The $142 million deal includes the Richmond Times-Dispatch and the Winston-Salem Journal. The company is selling all its papers except those in Tampa, most importantly the Tampa Tribune. Media General says it is in talks with others for those papers. Buffett's Berkshire Hathaway has owned the Buffalo News for decades and recently bought its hometown paper, the Omaha World-Herald.

Richmond Times Dispatch
Richmond Times Dispatch   (©Gamma Man)
Warren Buffett, chairman and CEO of Berkshire Hathaway.
Warren Buffett, chairman and CEO of Berkshire Hathaway.   (AP Photo/Nati Harnik)
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COMMENTS
Showing 3 of 9 comments
myflap.blow
May 17, 2012 6:38 PM CDT
probably did it over eggs this morning. and tipped the waiter more.
MisterPlinkett
May 17, 2012 3:11 PM CDT
Well, that'll help him spread his socialist propaganda.
Eat_Eateator
May 17, 2012 12:50 PM CDT
Hey, the internet isn't safe from EMP's. Just saying. That and there is a world of cool print design that needs to be pumped into the newspaper industry. PUT DESIGNERS TO WORK and they will craft things you would love to buy, simple as that.

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Money • Media

 
newspaper • Warren Buffett • Berkshire Hathaway • newspaper industry • newspapers

 
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