Tags: Buffett | texas | Newspaper | berkshire

Buffett's Berkshire Adds Texas Daily to Newspaper Stable

Tuesday, 12 June 2012 01:10 PM

Berkshire Hathaway's newspaper division is acquiring a small Texas paper in the home of Texas A&M University.

Berkshire's Omaha World-Herald Co. said Tuesday it will acquire the Bryan-College Station Eagle from the privately held Evening Post Publishing Co., of Charleston, S.C.

Purchase terms for the 20,000-circulation newspaper with 95 employees were not disclosed.

But the deal fits with Berkshire CEO Warren Buffett's stated interest in buying small and medium-sized newspapers in places with a strong sense of community.

Last month, Berkshire announced a deal to buy 63 newspapers from Media General Inc. for $142 million.

And Berkshire disclosed owning about 3.2 percent of newspaper firm Lee Enterprises' stock at the end of March.

Jim Wilson will remain the Eagle's publisher, and the World-Herald says no major changes are planned there.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
130
2012-10-12
Tuesday, 12 June 2012 01:10 PM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved