Billionaire investor Warren Buffett buys newspapers every day, including his hometown daily, but on Wednesday he dispensed with the single-issue price and bought the whole company instead. Buffett's conglomerate Berkshire Hathaway said it would purchase the Omaha World-Herald Co, owner of the paper of the same name, six other dailies and a series of weekly papers in Nebraska and Iowa.The World-Herald, which calls itself the last major employee-owned paper in the country, splashed the news across its website, with a picture of the paper's publisher introducing Buffett to the staff. It is 80 percent owned by employees and 20 percent by the Peter Kiewit Foundation.The paper reported that Buffett would pay $150 million cash, or about $1,109 per subscriber, and assume $50 million in debt.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 4.87% or $5500.0/share to $118500.00. In the past year, the shares have traded as low as $98952.00 and as high as $131463.00. On average, 66223 shares of BRK-A exchange hands on a given day and today's volume is recorded at 902.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 4.83% or $3.63/share to $78.76. In the past year, the shares have traded as low as $65.35 and as high as $87.65. On average, 7150310 shares of BRK-B exchange hands on a given day and today's volume is recorded at 10000136.
