Berkshire Completes Deal to Buy Omaha World-Herald

Monday, 26 Dec 2011 11:43 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

OMAHA, Neb. (AP) — Berkshire Hathaway Inc. has completed the purchase of Berkshire chairman Warren Buffett's hometown newspaper, the Omaha World-Herald.

The $200 million deal announced Nov. 30 included $50 million in debt. Under the agreement, Berkshire acquires the World-Herald and daily newspapers in Kearney, Grand Island, York, North Platte and Scottsbluff in Nebraska; the Council Bluffs Nonpareil in Iowa; a number of weekly newspapers; and World Marketing, a direct-mail company with operations in Omaha, Chicago, Dallas, Atlanta and Los Angeles.

World-Herald spokesman Joel Long said Monday that the deal closed Friday. He says World-Herald shareholders — about 275 employees and retirees and the Peter Kiewit Foundation — approved the sale by an overwhelming vote.

Buffett has said the World-Herald "delivers solid profits and is one of the best-run newspapers in America."

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Fla. Lawmaker Wants D'Souza's 'America' Shown in Schools

Friday, 25 Jul 2014 22:51 PM

A Florida state lawmaker plans to introduce a bill making conservative filmmaker Dinesh D'Souza's new movie, "America,"  . . .

PETA Paying Overdue Detroit Water Bills for People Who Go Vegan

Friday, 25 Jul 2014 21:37 PM

Amid angry protests over Detroit's effort to shut off delinquent water customers, People for the Ethical Treatment of An . . .

Wiki Blocks House Staffers After 'Disruptive' Edits

Friday, 25 Jul 2014 21:33 PM

The user-generated Web encyclopedia Wikipedia has blocked anonymous edits from some House staffers and lawmakers for 10  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved