Bloomberg News

Berkshire Buys Media General’s Newspapers for $142M

May 17, 2012

Bloomberg's Betty Liu reports that Warren Buffett’s Berkshire Hathaway Inc. agreed to buy newspapers owned by Media General Inc. for $142 million in cash as it expands its publishing holdings. Berkshire will also provide Media General a $400 million term loan and a $45 million revolving credit line, the Richmond, Virginia-based newspaper company said today in a statement. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Running Time: 00:48


Silicon Valley State of Mind
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus