
Having last week closed a deal to buy 63 local newspapers from Media General for $142M, Warren Buffett has told Berkshire Hathaway's ( BRK.A ) editors and publishers that the company "will probably
Overview -- U.S. diversified media company Media General has signed an agreement to sell all of its newspaper assets, with the exception of the Tampa group, for $142 million of cash
(Reuters) - Warren Buffett's Berkshire Hathaway Inc is boosting its bet on the newspaper industry, with a deal to buy the majority of Media General Inc's papers for $142 million in cash, making him one of the largest publishers in the United States.
Media General ( MEG ) surges 41% following news of Berkshire Hathaway's ( BRK.A ) purchase of most of MEG 's stable of newspapers and the $445M of debt that Berkshire's making available. The flagship Tampa Tribune is not included in the deal. Post your comment!
May 17 (Reuters) - Warren Buffett's Berkshire Hathaway Inc is making another bet on the newspaper industry, with a deal to buy the majority of Media General Inc's papers for $142 million in cash.
BRK.A ) agrees to pay $142M to acquire most of Media General 's ( MEG ) newspapers, including 63 daily and weekly titles ..... Alabama. Berkshire also takes a 19.9% stake in Media General as part of a deal to provide the firm with a $400M
May 17 (Reuters) - Berkshire Hathaway Inc will buy all newspapers owned by Media General Inc, with the exception of Tampa group, for $142 million in cash, the companies said.
April 18 (Reuters) - Broadcaster and publisher Media General Inc posted a wider quarterly loss, hurt by an 8 percent fall in print revenue.
April 10 (Reuters) - Media General Inc : * Moodys downgrades media generals cfr to caa1, concluding review; outlook
Media General ( MEG ) -1.7% after it warns of a 15% fall in digital revenues in Q1 ..... copes with higher publishing costs and a weak ad market. However, Media General did forecast a 12%-13% increase in broadcast revenue. ( PR