Berkshire Hathaway to acquire Omaha World-Herald Co.

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Omaha, Neb.—Berkshire Hathaway has announced plans to acquire Omaha World-Herald Co., which publishes the World-Herald and other daily and weekly newspapers in Nebraska and Iowa. The deal, which has reportedly been valued at $200 million, is expected to close next month. “The World-Herald delivers solid profits and is one of the best-run newspapers in America, and we are pleased to have Terry Kroeger [CEO of Omaha World-Herald Co.] and his team join Berkshire Hathaway,” said Warren Buffett, Berkshire Hathaway's CEO, in a statement. The investment is a positive headline for the newspaper industry, which has endured 21 straight quarters of revenue declines, according to Newspaper Association of America figures.
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