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Wed Nov 14, 2012, 08:32 PM

(Warren) Buffett company to close Va. newspaper, cut 105 jobs (traces its history to 1869) [View all]

Source: Omaha World Herald

By Steve Jordon

A 10,000-circulation Virginia newspaper owned by Warren Buffett's investment company will close at the end of the year as part of plan involving 105 job cuts in the 2,000-employee eastern U.S. newspaper operation.

The company said no other job cuts are planned.

The Manassas (Va.) News & Messenger, which traces its history to 1869, will publish its last edition on Dec. 30, according to World Media Enterprises Inc., a division of Buffett's Omaha-based Berkshire Hathaway Inc.

World Media said Wednesday it would eliminate the newspaper's 33 jobs and cut the jobs of 72 other people, mostly corporate staff positions it inherited at various locations in the Southeast when Berkshire purchased 63 newspapers from Media General Group of Richmond, Va., last June.

FULL story at link.


Read more: http://www.omaha.com/article/20121114/MONEY/711149909/1685#buffett-company-to-close-va-newspaper-cut-105-jobs

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Reply (Warren) Buffett company to close Va. newspaper, cut 105 jobs (traces its history to 1869) [View all]
Omaha Steve Nov 2012 OP
diabeticman Nov 2012 #1
naaman fletcher Nov 2012 #2
banned from Kos Nov 2012 #3
ForgoTheConsequence Nov 2012 #4
naaman fletcher Nov 2012 #7
PoliticAverse Nov 2012 #5
Kablooie Nov 2012 #6