Warren buffett and increase the newspaper, he grew up chain - Oklahoma Tulsa, at this time - he scrubbed the file is small, to the community for the focus of the market.
A subsidiary company, BH wide media group, buffett's Berkshire hathaway said Monday it bought 95000 daily issue Tulsa world's Los Angeles a family not the sum of the public. The deal is expected to be closed in March.
For more than a century, published Lortons Tulsa world.
"The newspaper business has become a difficult business model in the changing society, especially for the local families have newspaper," the little Robert's meal, the world publishing company, publishing Tulsa world, the chairman said in a statement.
The Tulsa said in a report, the newspaper sales is profitable.
Although the newspaper in the world has been hurt, because advertisers escape, the reader to their intelligent mobile phone news, in smaller middle market publishers streamlined than big cities.
BH media group business more than sixty daily and weekly, mainly in small communities, in several countries, including Texas, Nebraska, Virginia and north Carolina.
Buffett also hold the Washington post company, gannett company, the shares of the enterprise.
 



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