Warren Buffett Buys 63 More Newspapers
Let the record show that when Warren Buffett says he’s considering something, it means he’s definitely doing it. Buffett’s Berkshire Hathaway Media Group just announced that it is buying 63 daily and weekly newspapers from Media General for $142 million in cash. It was only last week when Buffett said that he “may buy more newspapers,” so he obviously had this purchase in mind already.
The papers involved in the deal — which is expected to close June 25 — are published in Virginia, North Carolina, South Carolina and Alabama.
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