Warren Buffett's Berkshire Hathaway Inc. is adding a New Jersey
newspaper, The Press of Atlantic City, to its collection of more than two dozen
small and medium-sized newspapers. Omaha, Neb.-based Berkshire said Thursday
that it's buying the Press from Abarta, which is a private Pittsburgh firm held
by the Taylor and Bitzer families. The Press will be Berkshire's 31st daily
newspaper. It has a daily circulation of 67,000 and a Sunday circulation of
77,000 and is based in Pleasantville, just outside the shore resort community
of Atlantic City, best known for its casino industry. Financial terms were not
disclosed.
