Date

Fri - 22.09.2017


warren buffett

Yesterday, billionaire Warren Buffett, revealed that his company Berkshire Hathaway is buying up 63 Media General newspapers for a total of $142m. As the Tampa Bay Times reports, a $400m loan and $45m in credit to help Media General pay off its debts are also part of the deal.

The sale is quite a turn around for the man who famously said in 2009 that he would not consider buying most papers in the US “at any price” because “they have the possibility of going to just unending losses.” And it has certainly raised some eyebrows. “Maybe he something we don’t…” begins the Business Etc article on the deal.

Author

Hannah Vinter

Date

2012-05-18 17:25

Syndicate content

© 2015 WAN-IFRA - World Association of Newspapers and News Publishers

Footer Navigation