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Reply #3: (Warren) Buffett to buy The (Omaha) World-Herald [View All]

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Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 10:54 AM
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3. (Warren) Buffett to buy The (Omaha) World-Herald
Source: Omaha World-Herald

The Berkshire Hathaway company has agreed to purchase The Omaha World-Herald Co. from its employee shareholders and the Peter Kiewit Foundation.

The transaction is expected to close in late December, pending approval of The World-Herald's shareholders, made up of active employees, retired employees and the Peter Kiewit Foundation. The purchase also is subject to customary closing conditions, including regulatory approvals.

Warren Buffett, chairman of Berkshire, said The World-Herald delivers solid profits and is one of the best-run newspapers in America, and we are pleased to have Terry Kroeger and his team join Berkshire Hathaway.

... The World-Herald is the 49th largest newspaper in the country as measured by the daily distribution of the printed newspaper. It also is in the top 10 newspapers in the country in terms of the percentage of households in its market that subscribe. Omaha.com, The World-Herald's digital outlet, is the dominant Omaha news site in terms of both visitors and page views.

Read more: http://www.omaha.com/article/20111130/NEWS01/111139986
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