Buffett Buys Landmark's News & Record

Warren Buffett’s Berkshire Hathaway has acquired the 122-year-old Greensboro, N.C., daily the News & Record from Landmark Media Enterprises. The News & Record has daily circulation of 58,000 and Sunday circulation of 86,000.
Associated Press,

OMAHA, Neb. (AP) -- Warren Buffett’s Berkshire Hathaway Inc. is adding the Greensboro, N.C., News & Record to its growing newspaper division.

Berkshire Hathaway said Thursday that it bought the 122-year-old daily newspaper from Landmark Media Enterprises, based in Norfolk, Va.

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Financial terms were not disclosed. The Omaha World-Herald, which oversees Berkshire’s newspaper division, reported that the News & Record has daily circulation of 58,000 and Sunday circulation of 86,000.

Terry Kroeger, who leads the newspaper unit, says the Greensboro newspaper will be a great fit with the other small and medium-sized community newspapers Berkshire has purchased.

Newspapers remain a relatively small part of Berkshire Hathaway, which owns an assortment of more than 80 subsidiaries and holds major stakes in companies like Coca-Cola Co., Wells Fargo and IBM.

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