Warren Buffett Omaha World Herald
December 27, 2011 by staff
Warren Buffett Omaha World Herald, Berkshire Hathaway Inc. has completed the purchase of Berkshire chairman Warren Buffett’s hometown newspaper, the Omaha World-Herald.
The $200 million deal announced Nov. 30 included $50 million in debt. Under the agreement, Berkshire acquires the World-Herald and daily newspapers in Kearney, Grand Island, York, North Platte and Scottsbluff in Nebraska; the Council Bluffs Nonpareil in Iowa; a number of weekly newspapers; and World Marketing, a direct-mail company with operations in Omaha, Chicago, Dallas, Atlanta and Los Angeles.
World-Herald spokesman Joel Long said Monday that the deal closed Friday. He says World-Herald shareholders — about 275 employees and retirees and the Peter Kiewit Foundation — approved the sale by an overwhelming vote.
Buffett has said the World-Herald “delivers solid profits and is one of the best-run newspapers in America.”
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