Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises

The transaction includes 31 daily newspapers and 49 weeklies including the daily Omaha World-Herald in Berkshire’s hometown in Nebraska, Buffalo News in New York, Richmond Times-Dispatch in Virginia and Tulsa World in Oklahoma. Lee owns 50 daily newspapers including the St. Louis Post-Dispatch, and has since July 2018 managed Berkshire’s papers other than the Buffalo News, which Berkshire bought in 1977. …read more

Source:: Yahoo Finance

Discover Tomorrow’s Winning Stocks!
Get our latest stock reports before everyone else! Actionable news, and breakout stocks w multi-bagger upside potential — delivered directly to your inbox.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.