Warren Buffett added another newspaper to his growing chain - this time in Tulsa, Oklahoma - as he scours the United States for papers in small, community-focused markets. A subsidiary of Buffett's Berkshire Hathaway, BH Media Group, said on Monday that it bought the 95,000 daily circulation Tulsa World from the Lorton family for an undisclosed sum. The deal is expected to close in March.The Lortons have published Tulsa World for more than a century."The newspaper business has become a difficult business model within a changing society, and in particular for local family-owned newspapers," Robert Lorton Jr., chairman of World Publishing Co, which publishes Tulsa World, said in a statement.A report in Tulsa World about the sale said the newspaper is profitable.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A remained unchanged at $149900.00. In the past year, the shares have traded as low as $117301.00 and as high as $153160.00. On average, 74168 shares of BRK-A exchange hands on a given day and today's volume is recorded at 0.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B remained unchanged at $98.58. In the past year, the shares have traded as low as $78.18 and as high as $102.00. On average, 4569390 shares of BRK-B exchange hands on a given day and today's volume is recorded at 1900.
Source
