Warren Buffett's company has added two small Virginia newspapers to its collection of over two dozen small and medium-sized newspapers.
Berkshire Hathaway Media said Tuesday that it had acquired The Martinsville (Va.) Bulletin and the Franklin (Va.) News-Post in Rocky Mount, Va., from Haskell Newspapers.
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Terms of the deal weren't disclosed. Berkshire Hathaway owns 31 daily newspapers and dozens of weeklies in 10 states, including several in Virginia.
Berkshire said the Martinsville paper has a 12,250 daily circulation that reaches more than 60 percent of the community. The Franklin paper publishes 5,100 copies three times a week.
Newspapers remain a relatively small part of Berkshire Hathaway, which owns an assortment of more than 80 subsidiaries and holds major investments in companies like Coca-Cola Co., Wells Fargo and IBM.