Tuesday, February 26, 2013

Buffett Buys Another Newspaper

Billionaire Warren Buffett’s Berkshire Hathaway said Monday that it is buying the Tulsa World, bringing its newspaper unit to 28 small- or medium-sized dailies.
The privately held Tulsa newspaper has a daily circulation of 95,000. The sale was reported Monday by the Tulsa World and Berkshire’s Omaha World-Herald, whose executives oversee the company’s newspapers. 
Terms of the deal, which is expected to close in March, weren’t disclosed.