UPDATE 1-Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises
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.
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.
Posted by Reuters
