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)

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