Warren Buffett's company is adding a group of small Oklahoma newspapers near Tulsa to its growing group of more than two dozen small and medium-sized newspapers.
Berkshire Hathaway Media Group said Monday that it had acquired six weekly newspapers and the daily Tulsa Business and Legal News from Community Publishers Inc.
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Berkshire Hathaway Media CEO Terry Kroeger says the new papers should complement the company's existing publications, which include the Tulsa World.
Terms of the deal — which includes The Broken Arrow Ledger, The Sand Springs Leader, The Coweta American, The Wagoner Tribune, The Owasso Reporter and the Skiatook Journal — weren't disclosed.
Newspapers are a relatively small part of Berkshire Hathaway, which owns more than 80 subsidiaries and holds investments in companies like Coca-Cola Co., Wells Fargo and IBM.