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KM Financial Solutions | UPDATE 1-Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises
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UPDATE 1-Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises

28 Jan UPDATE 1-Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises

Posted at 15:12h in News by
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Warren Buffett’s Berkshire Hathaway Inc
agreed to sell its newspaper business to Lee
Enterprises Inc for $140 million in cash, abandoning an
industry the billionaire investor had long defended even as its
financial prospects deteriorated.

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