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.