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April 12, 2012

Warren Buffett building newspaper empire? Holds now 4pc stake in Lee Enterprises

Wall Street Journal :: The Oracle of Omaha seems to see a better fate for U.S. newspaper publishers than the dismal destiny he forecasted for them back in 2009. By buying up loans in recently bankrupt Lee Enterprises Inc., Warren Buffet’s Berkshire Hathaway had also purchased an over 4% stake in the company, according to bankruptcy documents and a person familiar with the matter.

Hat tip: Jim Romenesko:

Continue to read Matt Wirz, blogs.wsj.com

April 12, 2012 at 10:07 PM |

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