Tribune excluded from sale Billionaire Warren Buffett and his investment firm are buying every newspaper in the Media General chain except the company's Florida publications, including The Tampa Tribune. Warren Buffett's expanded newspaper presence will test industry profitability The Winston-Salem Journal and 62 other Media General Inc. newspaper properties joined Thursday what analysts are calling a grand industry experiment. Buffett Rides to Media General's Rescue Warren Buffett is famous for exacting a high price while serving as a lender of last resort for companies needing immediate access to cash, and this mornings financing deal with Media General has many of the hallmarks of a classic Buffett arrangement. Buffett buys up 63 US newspapers US billionaire Warren Buffett has made another foray into newspapers, buying 63 titles from Media General. Media General To Sell Most Newspapers To Berkshire Unit For $142 Mln In Cash Media General To Sell Most Newspapers To Berkshire Unit For $142 Mln In Cash Buffett's Berkshire to buy Media General papers NEW YORK -- Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Warren Buffett to buy Media General newspapers (Reuters) - Warren Buffett's Berkshire Hathaway Inc is boosting its bet on the newspaper industry, with a deal to buy the majority of Media General Inc's papers for $142 million in cash, making him one of the largest publishers in the United States. Berkshire Hathaway buys Media General newspapers Berkshire Hathaway Inc. agreed to pay $142 million for Media General Inc.'s newspapers, including the Richmond (Va.) Times-Dispatch, as Warren Buffett bets that community-focused publications will weather an advertising... Presented By: Avoid the hassle of sheet labels. Say goodbye to sheet label hassles. The DYMO® LabelWriter® 450 Turbo creates labels with customizable, individual addresses ... Some of Media General's newspapers North Carolina: Media General sells 63 newspapers to Buffett in $142mn deal WASHINGTON - Media General has signed agreements with BH Media Group, a subsidiary of Warren Buffett's Berkshire Hathaway, for sale of all its 63 newspapers with the exception of the Tampa group, in a $142 million cash deal, the Richmond based media house said Thursday.
Key Words: media general
References:
http://www2.timesdispatch.com/business/2012/may/17/7/richmond-times-dispatch-media-general-newspapers-s-ar-1921433/
http://dailyherald.com/article/20120511/news/705119954/
http://thehealthcareblog.com/blog/2012/05/05/will-regina-holliday-become-health-care%e2%80%99s-rosa-park/
http://www.forbes.com/sites/dalebuss/2012/05/15/ford-thinks-it-has-better-idea-about-how-to-handle-facebook/
http://www.forbes.com/sites/patrickhanlon/2012/05/15/general-motors-yanks-10-million-facebook-ad-spend/
http://www.forbes.com/sites/nathanvardi/2012/05/10/five-reasons-chinas-banks-are-not-taking-over-the-u-s-banking-system/
http://www.voanews.com/content/judge-suspends-mladic-trial/667014.html
http://www.forbes.com/sites/michelinemaynard/2012/05/15/even-with-ads-gm-has-trouble-attracting-facebook-users/
http://www2.timesdispatch.com/business/2012/may/18/richmond-times-dispatch-media-general-newspapers-s-ar-1921433/
http://www2.timesdispatch.com/business/2012/may/18/tdmain05-media-general-newspapers-and-operations-ar-1923346/
http://www2.timesdispatch.com/business/2012/may/18/tdmain01-media-general-chairman-a-very-bittersweet-ar-1923367/
http://www.courier-journal.com/article/20120517/BUSINESS/305170072/1003/rsslink
http://www2.timesdispatch.com/business/2012/may/17/bh-media-group-executives-meet-with-the-67714-vi-37695/
http://pixelhat.net/
Friday, May 18, 2012
Richmond TimesDispatch Media General newspapers sold to Berkshire Hathaway Great America rolls out its new X Flight roller coaster in Gurnee Punishing Kids Through Facebook Will Regina Holliday Become Health Care’s Rosa Parks Ford Thinks It Has Better Idea About How Handle GM Doesn't Like Drops Ads Motors Yanks $10 Million Ad Spend Five Reasons China's Banks Are Not Taking Over The U.S. Banking System Norwegian Leads UN Observer Mission Syria Judge Suspends Mladic Trial Facebook's Or GM's Products Problem DealBook Bets Again on Newspapers Warren Buffett backs future of with MG deal and operations General's history chairman 'A very bittersweet day' Buffett's buy papers Parents Spy Kids' Get Used It! BH Group executives meet the
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.