Breaking News: The Rich Are Buying Multi-Millions of $$$ Worth of Newspapers

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Newsmax reported:

Warren Buffett’s Berkshire Hathaway Inc is boosting its bet on the newspaper industry, with a deal to buy the majority of Media General Inc’s papers for $142 million in cash, making him one of the largest publishers in the United States.

The deal announced Thursday means Buffett will have a stable of about 25 daily newspapers across the country.


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IMAGE VIA e-ir.info

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