Deals

Warren Buffett Says Goodbye to His Struggling Newspaper Business

Berkshire to sell BH Media and Buffalo News to Lee Enterprises
Buffett’s firm is loaning Lee $576 million to pay for the deal

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By Katherine Chiglinsky and John J Edwards

January 29, 2020 at 12:18 PM UTC

Updated on

January 29, 2020 at 10:07 PM UTC

This article is for subscribers only.

Warren Buffett has seen some of his businesses decay before. There was Berkshire Hathaway Inc.’s namesake textile operation, which shut down in 1985. A shoe manufacturer was folded into another business two decades ago, after being bludgeoned by globalization.

The latest to go: newspapers.