Berkshire Hathaway Buys 63 Newspapers from Media General

May 17, 2012


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Lately Warren Buffett may be more famous for talking about his tax returns than his business savvy, but that's not stopping him from picking up some new properties. According to the Wall Street Journal, Berkshire Hathaway has agreed to buy 63 papers from Media General for $142 million.

And in related news, WSJ is reporting that Berkshire will provide Media General a $400 million term loan and a $45 million revolving credit line.

(www.berkshirehathaway.com, www.mediageneral.com)