Warren Buffett's company buys group of small Oklahoma newspapers based near Tulsa

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.

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.