Berkshire Hathaway is selling 31 newspapers, as Warren Buffett backs away from the industry.
Warren Buffett is selling Berkshire Hathaway's newspaper business to local news provider Lee Enterprises for $140 million in cash.

Deals of the day-Mergers and acquisitions

08:42pm, Wednesday, 29'th Jan 2020
(Adds L Brands, Metro, Berkshire Hathaway, Stanley Black & Decker, Beyond Meat, Spanish industrial holding; Updates Saudi Telecom)
Newspaper chain Lee Enterprises, Incorporated (NYSE: LEE) and Berkshire Hathaway announced that Lee will buy the publications owned by Berkshire Hathaway's BH Media Group, and a separately held paper,
Lee Enterprises' $140 million deal for Berkshire Hathaway's newspapers, announced Wednesday, is a "win-win" for the buyer and seller, "if short-term perhaps."
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 a
A deal with Lee Enterprises will help Berkshire deploy some capital Continue reading...

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