20601A-WFNZ-the-fan-Final2 35h_CBSSportsRad_1660AM
Carolina Panthers 2014 Regular NFL Season Schedule Released | See Here Read More

News Home

Buffett’s Firm Buys Greensboro, NC, Newspaper

View Comments
(Photo credit NICHOLAS KAMM/AFP/GettyImages)

(Photo credit NICHOLAS KAMM/AFP/GettyImages)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

OMAHA, Neb. (AP) — Warren Buffett’s Berkshire Hathaway Inc. is adding the Greensboro, N.C., News & Record to its growing newspaper division.

Berkshire Hathaway said Thursday it had acquired the 122-year-old daily newspaper from Landmark Media Enterprises, which is based in Norfolk, Va.

Financial terms of the acquisition were not disclosed. The Omaha World-Herald, which oversees Berkshire’s newspaper division, reported that the News & Record has daily circulation of 58,000 and Sunday circulation of 86,000.

Terry Kroeger, who leads the newspaper unit, says the Greensboro newspaper will be a great fit with the other small and medium-sized community newspapers Berkshire has purchased.

Newspapers remain a relatively small part of Berkshire Hathaway, which owns an assortment of more than 80 subsidiaries and holds major investments in companies such as Coca-Cola Co., Wells Fargo and IBM.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus