Warren Buffet’s Company Berkshire Buys the Waco Tribune-Herald
Stockbyte/Thinkstock(WACO, Texas) – Berkshire’s Omaha World-Herald Co. confirms the purchase of the Waco Tribune-Herald owned by the Robinson family with a 34,000 circulation-daily newspaper according to Bloomberg.
Terry Kroeger, CEO of Omaha World-Herald says, “This is a very strong, growing market. We will work with local managers in Waco to determine what changes may be appropriate.”
Buffett believes that local community newspapers can thrive in smaller markets with less competition.
Copyright 2012 ABC News Radio