Warren Buffett Buys Tulsa World

Buffett's Berkshire Hathaway added the 95,000-circulation Oklahoma paper, bringing its stable of daily newspapers to 28. The deal is expected to close in March.
Associated Press,

OMAHA, Neb. — Billionaire Warren Buffett's Berkshire Hathaway is buying the Tulsa World, bringing its newspaper unit to 28 dailies.

The privately held Tulsa newspaper has a daily circulation of 95,000. The sale was reported Monday by the Tulsa World and Berkshire's Omaha World-Herald, whose executives oversee the company's newspapers.

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Terms of the deal, which is expected to close in March, weren't disclosed.

Terry Kroeger, who runs Berkshire's newspapers, says the Tulsa paper will be a great fit.

Beyond newspapers, Berkshire Hathaway Inc. owns clothing, insurance, furniture, utility, jewelry and corporate jet companies. It also has big investments in companies including Coca-Cola Co., IBM Corp. and Wells Fargo & Co.

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