বুধবার, ২৮ ডিসেম্বর, ২০১১

Berkshire completes deal to buy Omaha World-Herald

(AP) ? Berkshire Hathaway Inc. has completed the purchase of Berkshire chairman Warren Buffett's hometown newspaper, the Omaha World-Herald.

The $200 million deal announced Nov. 30 included $50 million in debt. Under the agreement, Berkshire acquires the World-Herald and daily newspapers in Kearney, Grand Island, York, North Platte and Scottsbluff in Nebraska; the Council Bluffs Nonpareil in Iowa; a number of weekly newspapers; and World Marketing, a direct-mail company with operations in Omaha, Chicago, Dallas, Atlanta and Los Angeles.

World-Herald spokesman Joel Long said Monday that the deal closed Friday. He says World-Herald shareholders ? about 275 employees and retirees and the Peter Kiewit Foundation ? approved the sale by an overwhelming vote.

Buffett has said the World-Herald "delivers solid profits and is one of the best-run newspapers in America."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-12-26-US-Berkshire-Hathaway-Newspapers/id-12a63687d87e440b89a9cf4ec175696f

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