Berkshire Buys Greensboro News & Record as Buffett Bets on Media
Warren Buffett’s Berkshire Hathaway Inc. bought the Greensboro News & Record from Landmark Media Enterprises as the billionaire investor’s firm extends a bet on community newspapers.
The newspaper has daily circulation of 58,000, and 86,000 on Sunday, the media unit at Omaha, Nebraska-based Berkshire said today in an e-mailed statement that didn’t disclose terms.
To contact the reporter on this story: Elizabeth Bunn in New York at email@example.com
To contact the editor responsible for this story: Dan Kraut at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.