Buffett's Berkshire to buy Media General papers


Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Media General and taking a 19.9 percent stake in

by Andrew Beaujon Published May 17, 2012 11:50 am Updated May 17, 2012 11:54 am Amit Chokshi is the founder and owner of Kinnaras Capital Management, and he's been a constant pain in the collective neck of Media General's management over the past few

Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Media General and taking a 19.9 percent stake in

Richmond Times-Dispatch publisher Thomas A. Silvestri introduced Berkshire Hathaway executives including Terry Kroeger (from left) and Douglas Hiemstra.

RBR-TVBR's Epapers and our 'Media Information Bureau' offer the most unique and business-driven content for today's working broadcaster. MIB is our new premium content section on www.rbr.com filled with exclusive information.

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