Warren Buffett added another newspaper to his growing chain at Berkshire Hathaway, scooping up The News & Record in Greensboro, North Carolina from Landmark Communications. Terms of the deal were not disclosed in a release on Thursday from BH Media Group, the division of Berkshire that operates its newspapers.The News & Record has a daily circulation of about 58,000, fitting nicely with BH Media's other newspapers, which are similar in size.Buffett is on a buying spree and has amassed 30 daily newspapers in Texas, Virginia, Nebraska, Iowa and other states in the U.S. Southeast. He has his eyes on other properties, including Tribune Co's Morning Call in Allentown, Pennsylvania. .Berkshire also holds stakes in Lee Enterprises, Gannett Co, and the Washington Post Co.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A fell by 0.28% or $-405.0/share to $145100.00. In the past year, the shares have traded as low as $116850.00 and as high as $147475.00. On average, 78345 shares of BRK-A exchange hands on a given day and today's volume is recorded at 300.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B fell by 0.32% or $-0.31/share to $96.57. In the past year, the shares have traded as low as $77.89 and as high as $97.75. On average, 4729000 shares of BRK-B exchange hands on a given day and today's volume is recorded at 1267909.
Gannett Co., Inc. is an international media and marketing solutions company, delivering content and services across an integrated, multi-platform portfolio. Shares of GCI fell by 0.18% or $-0.035/share to $19.54. In the past year, the shares have traded as low as $12.17 and as high as $20.61. On average, 2796130 shares of GCI exchange hands on a given day and today's volume is recorded at 554468.
Lee Enterprises, Incorporated provides local news, information and advertising in midsize markets, with 47 daily newspapers and a joint interest in four others, nearly 300 weekly newspapers and specialty publications in 23 states. Shares of LEE traded higher by 0.8% or $0.01/share to $1.26. In the past year, the shares have traded as low as $1.04 and as high as $1.81. On average, 158008 shares of LEE exchange hands on a given day and today's volume is recorded at 4871.
Source
