CEO Warren Buffett

Together, the top five income generating enterprises owned by Berkshire Hathaway brought in a pre-tax profit of $9 billion in 2011. ‘Seven years ago,' Mr Warren Buffett noted in his annual letter to shareholders, ‘we owned only one of the five, whose ...  

Berkshire Hathaway (NYS: BRK.A) (NYS: BRK.B) CEO Warren Buffett's decision to buy a hoard of newspapers from Media General seems like a strange one. The world's foremost investor has always been wary of technology, but now he's diving into an ...  

Back in February, in his annual letter to investors, Berkshire Hathaway chief Warren Buffett spent a good bit of time discussing why one shouldn’t own gold. Beyond the fact that, according to WB, gold doesn’t “change in size and [is] incapable of producing anything,” and you’d be much better off buying farmland (which “a century from now will have produced staggering amounts of corn, wheat, cotton and other crops and will continue to produce...  

DETROIT (AP) -- Shares of General Motors Co. surged in premarket trading Wednesday after Warren Buffett's Berkshire Hathaway Inc. disclosed that it bought 10 million shares of the automaker's stock. Berkshire Hathaway wouldn't say why it bought ...  

Below is either a very interesting document or a very clever hoax (it was sent to my anonymously). It’s a letter/press release, apparently retrieved via a Freedom of Information Act request) from Dick Fuld dated March 28, 2008, announcing that Warren ...  

Berkshire Hathaway Inc.’s $200 million purchase of the Omaha World-Herald Co. in December was the “starting point” for Thursday’s announcement that the company would buy 63 more daily and weekly newspapers, Berkshire CEO Warren Buffett said.  

NEW YORK — Warren Buffett, whose Berkshire Hathaway Inc. struck a deal this month to acquire 63 newspapers, says he may buy more publications as the industry rethinks whether to offer free content on the Internet. “This is an unsustainable ...  

Warren Buffett has a message for Media General newspapers: “Berkshire buys for keeps.” The billionaire chairman of Berkshire Hathaway Inc. last week announced that subsidiary BH Media Group would purchase Media General Inc. (NYSE:MEG) newspapers, including the Concord Independent Tribune, the Statesville Record & Landmark, the Mooresville Tribune, the Hickory Daily Record and the Lake Norman Navigator, all located in the Charlotte region. On...  

May 24 (Reuters) - Warren Buffett's Berkshire Hathaway Inc is eyeing more newspapers, according to a memo posted on Jim Romenesko's media website. The Oracle of Omaha wrote in a memo to Berkshire Hathaway's publishers and editors that "Berkshire ...  

(Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) is eyeing more newspapers, according to a memo posted on Jim Romenesko's media website. tinyurl.com/7odreje The Oracle of Omaha wrote in a memo to Berkshire Hathaway's publishers and ...  

The rating affirmations for National Indemnity reflect its consistently superior operating performance, strong risk-adjusted capitalization and market leading business ... its risk-based capitalization below the expectations of A.M. Best or it experiences ...  

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of “aaa” of National Indemnity Company (Omaha, NE) (National Indemnity) and its affiliates. Concurrently, A.M. Best has affirmed the ICR of “bbb-” and debt rating of “bbb-” of Finial Holdings Inc. (Delaware) as well as the FSR of A- (Excellent) and ICR of “a-” of Finial Reinsurance Company (Stamford...  

Billionaire Warren Buffett is betting that newspapers with a community focus can remain profitable as they adjust their models to the new Internet age, Bloomberg reports. Buffett, whose Berkshire Hathaway Inc. struck a deal this month to buy 63 newspapers, now says he may buy more newspapers as the industry rethinks whethre to offer free content online. “This is an unsustainable model and certain of our papers are already making progress in...  

Richmond-based Media General Inc. has completed a financing deal with Berkshire Hathaway Inc. that provided the company with nearly $400 million to pay off bank debt due next year. The deal also will give Omaha, Neb.-based Berkshire Hathaway a ...  

A.M. Best Co. has affirmed the financial strength rating of A++ and issuer credit ratings of “aaa” of National Indemnity Company and its affiliates.  

The Amherst and Nelson weekly newspapers are part of a $142 million deal in which the current owner, Media General, will sell almost all of its newspapers to Warren Buffett’s Berkshire Hathaway Inc.  

Hyderabad, Andhra Pradesh -- (SBWIRE) -- 05/17/2012 -- "Berkshire Hathaway, Inc.: Financial Services Company Profile, SWOT & Financial Report"" contains in depth information and data about the company and its operations. The profile contains a company overview, business description, competitive benchmarking, SWOT analysis, mergers & acquisitions, key facts, information on products and services, details of locations and subsidiaries, plus...  

The Nelson and Amherst weekly newspapers are part of a $142 million deal in which the current owner, Media General, will sell almost all of its newspapers to Warren Buffett’s Berkshire Hathaway Inc.  

Berkshire Hathaway, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Berkshire Hathaway, Inc. - SWOT Analysis examines the company's key business structure and operations, history and products, and ...  

PacifiCorp, a Portland, Oregon-based utility and part of Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), said it must pay $131 million to USA Power LLC after a state court jury in Utah ruled it stole USA Power’s trade secrets. The jury, in ...  

Warren Buffett, whose Berkshire Hathaway Inc. struck a deal this month to acquire 63 newspapers, said he may buy more publications as the industry rethinks whether to offer free content on the Internet.  

When Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B)(NYSE: BRK-A) made the acquisition of Burlington Northern Santa Fe, the speculation was that more rail mergers could be expected.  After all, if Warren Buffett likes the sector on a ...  

Thomas Russo, a partner at Gardner Russo & Gardner talk about the outlook for Berkshire Hathaway Inc. and their investment strategies for the company's shares. GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have ...  

Media General announced today that it is selling 63 newspapers, including the Register & Bee in Danville and the Reidsville Review, Eden News, and Madison Messenger in North Carolina, to Warren Buffett’s Berkshire Hathaway Inc. for $142 million.  

Billionaire Warren Buffett's investment company is buying five South Carolina newspapers and 58 others, it was announced today. Buffett's Berkshire Hathaway Inc. has agreed to buy the 63 papers in the Carolinas, Virginia and Alabama from Media General Inc....  

In an announcement that drew national media attention Thursday, Warren Buffett’s Berkshire Hathaway Inc. said it will purchase 63 newspapers, including the Danville Register & Bee, from Media General for $142 million.  

Warren Buffett is buying the majority of Media General's newspapers, including the Concord Independent Tribune, the Statesville Record & Landmark, the Mooresville Tribune, the Hickory Daily Record and the Lake Norman Navigator, all located in the Charlotte region. Media General Inc. (NYSE: MEG) announced Thursday that it has signed agreements with BH Media Group, a subsidiary of Buffett's Berkshire Hathaway Inc., for the purchase of 63 daily...  

Warren Buffett's Berkshire Hathaway Inc. picked up another 10.6 million shares of Wells Fargo & Co. in the first quarter, the company told the U.S. Securities and Exchange Commission. Buffett's stake in Wells Fargo — the largest bank based on deposits in Austin — dates back to the early 1990s when commercial real estate woes placed the San Francisco bank's shares under severe pressure. But Buffett was also an early believer in Wells Fargo's...  

Breaking news in Richmond this morning; Media General has sold almost all of its newspapers to Warren Buffett's Bershire Hathaway Inc!Media General Inc. today announced that it is selling 63 newspapers, including the Richmond Times-Dispatch, to Warren Buffett's Berkshire Hathaway Inc. for $142 million.A Berkshire Hathaway subsidiary, BH Media Group, will purchase all of the newspapers owned by Media General, with the exception of the Tampa...  

Warren Buffett is buying the majority of Media General's newspapers, including the Winston-Salem Journal, Eden News, The Reidsville Review and the Danville (Va.) Register & Bee. Media General, Inc. (NYSE: MEG) announced Thursday that it has signed agreements with BH Media Group, a subsidiary of Buffet's Berkshire Hathaway, Inc., for the purchase of 63 daily and weekly newspapers and new financing. Most of the newspapers are in the Southeast...  

Click here to receive mediabistro.com's Morning Media Newsfeed via email. Media General Announces Agreements with Berkshire Hathaway for Purchase of Newspapers and New Financing (MarketWatch) Media General, Inc. today announced that it has signed agreements with Berkshire Hathaway, Inc., for the purchase of newspapers and new financing. JimRomenesko.com Warren Buffett's Berkshire Hathaway is buying Media General's newspapers for $142...  

Ally Financial Inc., the bailed-out auto lender, was selected by the Forest River unit at Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) to provide inventory financing for dealers of recreational vehicles. Detroit-based Ally will participate ...  

In an announcement that drew national media attention Thursday, Warren Buffett’s Berkshire Hathaway Inc. said it will purchase 63 newspapers, including The News & Advance and the weekly Amherst New Era-Progress and Nelson County Times, from Media General for $142 million.  

Berkshire Hathaway Inc. agreed to pay $142 million for Media General Inc.'s newspapers, including the Richmond (Va.) Times-Dispatch, as Warren Buffett bets that community-focused publications will weather an advertising... Presented By: Avoid the hassle of sheet labels.    Say goodbye to sheet label hassles. The DYMO® LabelWriter® 450 Turbo creates labels with customizable, individual addresses ...  

A regulatory filing from Warren Buffett’s Berkshire Hathaway Inc. shows the legendary investor has increased his holdings in Wells Fargo & Co. and several other companies, The Wall Street Journal reports. Buffett raised his longtime stake Wells Fargo (NYSE:WFC) at the end of 2011 as well. Berkshire Hathaway’s filing also reveals new investments in Viacom Inc. and General Motors Co., though the WSJ speculates that those might have been made...  

Koreantoast writes "Warren Buffett, whose Berkshire Hathaway recently purchased 63 newspapers and plans to purchase more over the next few years, noted during an interview that the current free content model is unsustainable and will likely continue pushing toward more electronic subscription models. This coincides with moves by other newspaper companies like Gannett and the New York Times, which are also erecting paywall systems. Buffett...  

Warren Buffett's Berkshire Hathaway will spend $142 million in cash buying 63 of Media General's daily and weekly newspapers, along with their commercial printing businesses.Former paperboy and current Omaha billionaire Warren Buffett is throwing the weight of Berkshire Hathaway Inc. behind the newspaper industry, buying the majority of Media General Inc.'s papers months after picking up his hometown publication.  

Ajit Jain, who helped build Berkshire Hathaway Inc. (BRK/A) (A) into a $200 billion firm by underwriting risks that others shunned, is hunting for insurance-premium growth that his boss Warren Buffett says may be a thing of the past. The funds ...  

Berkshire Hathaway Inc. took a new 10-million share stake in General Motors Co. in the first ... which is majority owned by Fiat SpA. But the purchase of the GM stake, worth about $214 million as of Tuesday, could also have been made by one ...  

Folks in my business got a nice boost of confidence last week from an old friend of the industry.Warren Buffett and his Berkshire Hathaway Inc. announced it would buy 63 newspapers from Media General Inc. for $142 million. Buffett -- who has ...  

(Reuters) - Warren Buffett's Berkshire Hathaway is making another bet on the newspaper industry, with a deal to buy the majority of Media General Inc papers for $142 million in cash. Buffett's Berkshire Hathaway Inc also agreed to loan $400 million to the ...  

NEW YORK (AP) -- Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Media General and taking a ...  

(Reuters) - Billionaire investor Warren Buffett sought to buy Residential Capital (ResCap) from Ally Financial before the U.S. auto and mortgage lender put its home-lending unit into bankruptcy, Bloomberg said, citing three persons familiar with the matter. The news agency said Warren Buffett, Berkshire Hathaway Inc's controlling shareholder, appointed investment manager Ted Weschler for talks with Ally, quoting the persons who preferred...  

OMAHA, Neb. (AP) — Warren Buffett's company has revealed a number of changes in its U.S. stock portfolio, including boosting its holdings in Wal-Mart and IBM and adding a new stake of 10 million General Motors shares. But the documents Berkshire Hathaway Inc. filed with regulators Tuesday don't reveal everything Buffett and the company's two new investment managers have been buying. That's because they are allowed to omit some of...  

NEW YORK — Billionaire Warren Buffett’s company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Media General and taking a 19.9 percent ...  

Warren Buffett, known around the world as the "Oracle of Omaha," loves bridge, Dairy Queen Dilly Bars and investing. Since 1965, Buffett has been the chairman and CEO of Berkshire Hathaway Inc. The Omaha, Neb.-based company has 23 staffers at ...  

Rating agency A.M. Best Co. undertook a rating action on a number of subsidiaries of Berkshire Hathaway Inc. ( BRK.A) ( BRK.B). The rating agency affirmed the financial strength rating (FSR) and issuer credit ratings (ICR) of A++ and "aaa ...  

Warren Buffett's investing powerhouse, Berkshire Hathaway Inc. (NYSE: BRK.B) took a 10 million share stake in General Motors Company (NYSE: GM) during the first quarter, an investment it disclosed Wednesday, delivering a 2.29 percent bump to car company's shares and a welcome dose of investor confidence.  

NEW YORK — Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Media General and taking a 19.9 percent ...  

At the Berkshire Hathaway annual meeting, I had a chance to meet several leaders of Berkshire-owned companies. Here's what I learned.The Berkshire Hathaway Annual Shareholders' Meeting in Omaha is truly to capitalists what Talladega is to NASCAR fans.It's a spectacle, a tradition–over the top and reassuringly familiar to the faithful. At this writing, a Berkshire's class A shares price out over $121,000 for a single share, but a class B share...  

NEW YORK (AP) - Billionaire Warren Buffett’s company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Media General and taking ...  

Berkshire Hathaway Inc. agreed to pay $142 million for Media General Inc. newspapers including the Richmond Times-Dispatch as Warren Buffett bets community-focused publications will weather their advertising slump. Berkshire will also provide Media General ...  

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 ...  

Warren Buffett’s Berkshire Hathaway Inc. bought 10 million shares of General Motors Co.’s stock during the first quarter, according to a MarketWatch report. Berkshire Hathaway also bought 1.6 million shares of Viacom Inc. during the quarter but sold off millions of shares of Intel Corp. Omaha, Neb.-based Berkshire Hathaway (NYSE: BRK.A, BRK.B) reduced its stake in Intel Corp. (NASDAQ: INTC) from 11.5 million to 7.7 million shares. Berkshire...  

Berkshire Hathaway, which is owned by Warren Buffett, continues to increase his ownership stake in Wells Fargo & Co. The firm bought 10.6 million shares of Wells Fargo in the first quarter, Berkshire told the U.S. Securities and Exchange Commission. That gives Berkshire 394 million shares of Wells Fargo, meaning it owns more than 7 percent of the San Francisco-based bank. Berkshire now has added 104.1 million shares of Wells Fargo stock...  

OMAHA, Neb. -- Warren Buffett's company is apparently bullish on the U.S. auto industry. Berkshire Hathaway Inc. took a new 10-million share stake in General Motors Co. in the first quarter. The investment comes as the Detroit automaker ...  

BH Media Group acquires 63 Media General newspapersMedia General Inc. today announced that it is selling 63 newspapers, including The Goochland Gazette and Richmond Times-Dispatch, to Warren Buffett’s Berkshire Hathaway Inc. for $142 million. A Berkshire Hathaway subsidiary, BH Media Group, will purchase all of the newspapers owned by Media General, with the exception of the Tampa Tribune and its publications. Media General said it is in...  

Berkshire Hathaway Inc. is purchasing a majority share of Media General's local newspapers in the U.S. Southeast. Might Warren Buffett become a worthy rival to Rupert Murdoch's news media influence?Contributor: Marla MayesPublished: May 17, 2012  

(Reuters) - Warren Buffett's Berkshire Hathaway Inc is making another bet on the newspaper industry, with a deal to buy the majority of Media General Inc's papers for $142 million in cash. Berkshire will also loan $400 million to the company and ...  

Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings for the Berkshire Hathaway empire.  This cut off date is as of March 31, 2012 and Mr. Buffett has already said that he was buying some shares since the end of the quarter on weakness.  Also, keep [...]  

A new regulatory filing from Warren Buffett's Berkshire Hathaway shows that the legendary investor has increased his holdings in several companies with large presences in the Triangle, including IBM, Wells Fargo and Wal-Mart Stores. Overall, Berkshire Hathaway's investments are worth about $75 billion.  

Warren Buffett is showing lots of love for Bank of New York Mellon this year. The billionaire investor dramatically added to his stake in the bank holding company during the first three months of 2012. The Berkshire Hathaway Inc. chairman and ...  

(Reuters) - 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.  

Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) agreed to buy almost all the newspapers owned by Media ... there is no more important institution than the local paper," Buffett said. "The many locales served by the newspapers we are ...  

Media General Inc. today announced that it is selling 63 newspapers, including the Richmond Times-Dispatch, to Warren Buffett's Berkshire Hathaway Inc. for $142 million. A Berkshire Hathaway subsidiary, BH Media Group, will purchase all of the ...  

Steve JordonMay 17, 2012Omaha World-HeraldWarren Buffett made good Thursday on a promise to buy more newspapers, agreeing to buy 63 daily and weekly newspapers in the Southeast for $142 million from financially troubled Media General Inc. of Richmond, Va. The newspapers, in Virginia, North Carolina, South Carolina, Alabama and Florida, would be combined with the Omaha World-Herald Co. into a new Berkshire Hathaway Inc. division called BH Media...  

NEW YORK — Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers — including the Waynesboro News-Virginian — from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also ...  

NEW YORK, N.Y. Billionaire Warren Buffett’s company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Media General and taking a 19.9 per ...  

May 17 (Reuters) - Warren Buffett's Berkshire Hathaway Inc is making another bet on the newspaper industry, with a deal to buy the majority of Media General Inc's papers for $142 million in cash.  

Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) agreed to buy almost all the newspapers owned by Media ... there is no more important institution than the local paper," Buffett said. "The many locales served by the newspapers we are ...  

Media General, Inc., owner of The Enterprise Ledger, announced Thursday that it has signed agreements with Berkshire Hathaway, Inc., for the purchase of newspapers and new financing.   

NEW YORK — Billionaire Warren Buffett’s company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Me­dia General and taking a ...  

Steve Jordon and Ross BoettcherMay 18, 2012Omaha World-Herald Warren Buffett came through with cash when the nation's biggest banks were teetering. Now, some observers say, he's doing the same for newspapers, although Buffett maintains that his fledgling network of community newspapers — to grow by 63 dailies and weeklies next month — will be a profitable addition to Berkshire Hathaway Inc.'s businesses.  

Berkshire Hathaway Inc. disclosed stakes in General Motors Co. and Viacom Inc. as deputies Todd Combs and Ted Weschler, both former hedge fund managers, built their portfolios under Chairman Warren Buffett. Buffett's firm had 10 million shares of the ...  

General Motors Co. gained as much as 4.3 percent, the most in almost a month, after Warren Buffett's Berkshire Hathaway Inc. disclosed it bought a stake in the largest U.S. automaker.  

Warren Buffett’s Berkshire Hathaway Berkshire Hathaway Latest from The Business Journals Warren Buffett buying Media General newspapers, including Winston-Salem Journal Warren Buffett adds to Wells Fargo holdings Media General sells all papers ...  

Berkshire Hathaway Inc. (BRK/A) disclosed stakes in General Motors Co. (GM) and Viacom Inc. (VIAB) as former hedge- fund managers Todd Combs and Ted Weschler built portfolios under Chairman Warren Buffett. Buffett’s firm had 10 million shares ...  

Media General says it is in talks with others for those papers. Buffett’s Berkshire Hathaway Inc. has owned the Buffalo News of New York for decades and recently bought its hometown paper, the Omaha World-Herald. Buffett has defended newspapers.  

NEW YORK - Billionaire Warren Buffetts company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million.Berkshire Hathaway Inc. is also extending a loan to Media General and taking a 19.9 percent s...  

Berkshire Hathaway Inc. (BRK/A) (A) disclosed stakes in General Motors Co. (GM) (GM) and Viacom Inc. as deputies Todd Combs and Ted Weschler, both former hedge-fund managers, built their portfolios under Chairman Warren Buffett. Buffett’s firm ...  

NEW YORK (AP) - Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Media General and taking a ...  

Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.A)(BRK.B), and his two new portfolio managers, Todd Combs and Ted Weschler, bought two new stocks in the first quarter: General Motors (GM) and Viacom Inc. Cl B (VIAB). He reduced ...  

RICHMOND, Va. - Media General, Inc. (NYSE: MEG) today announced that it has signed agreements with Berkshire Hathaway, Inc., (NYSE: BRK.A and BRK.B) for the purchase of newspapers and new financing. A subsidiary of Berkshire Hathaway, BH Media Group, will purchase all of the newspapers owned by Media General, with the exception of the Tampa group, for $142 million in cash. Media General said it is in discussions with other prospective buyers...  

SAN FRANCISCO (MarketWatch) -- Warren Buffett's Berkshire Hathaway Inc. late Tuesday disclosed it had bought 10 million shares of General Motors Co. in the first quarter. Berkshire Hathaway also bought 1.6 million Class B shares in Viacom Inc. , according to a regulatory filing. However, Berkshire scaled back its exposure in Intel Corp. to 7.7 millon shares from 11.5 million in the previous period and kept its stake in IBM mostly unchanged...  

Media General Inc. today announced that it is selling 63 newspapers, including the Richmond Times-Dispatch, to Warren Buffett's Berkshire Hathaway Inc. for $142 million. A Berkshire Hathaway subsidiary, BH Media Group, will purchase all of the ...  

RICHMOND, Va., May 17, 2012 /PRNewswire/ -- Media General, Inc. (NYSE: MEG) today announced that it has signed agreements with Berkshire Hathaway, Inc., (NYSE: BRK.A and BRK.B) for the purchase of newspapers and new financing.  A subsidiary of Berkshire Hathaway, BH Media Group,...  

Warren Buffett's company is apparently bullish on the U.S. auto industry. His company, Berkshire Hathaway Inc. took a new stake of 10 million in shares in General Motors Co. in the first quarter. The investment comes as the Detroit automaker continues to ...  

Berkshire to buy Media General papers Billionaire Warren Buffett’s company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to ...  

Media General, Inc. today announced that it has signed agreements with Berkshire Hathaway, Inc., for the purchase of newspapers and new financing. A subsidiary of Berkshire Hathaway, BH Media Group, will purchase all of the newspapers owned by Media General, with the exception of the Tampa group, for $142 million in cash. Media General said it is in discussions with other prospective buyers for its Tampa print assets. Media General owns the...  

Warren Buffett reaffirmed Thursday that he will take a "hands-off" approach to the 26 daily newspapers, including the Winston-Salem Journal, that a Berkshire Hathaway subsidiary is buying from Media General Inc. In a letter to publishers and ...  

Berkshire Hathaway Inc. (BRK/A) agreed to pay $142 million for Media General Inc. (MEG)’s newspapers including the Richmond Times-Dispatch as Warren Buffett bets community-focused publications will weather an advertising slump. Berkshire will ...  

OMAHA, Neb. -- Warren Buffett's company is apparently bullish on the U.S. auto industry. Berkshire Hathaway Inc. took a new 10-million share stake in General Motors Co. in the first quarter. The investment comes as the Detroit automaker ...  

Warren Buffett's Berkshire Hathaway Inc. filed a report on its U.S. stock portfolio Tuesday showing the changes made between the end of last year and the end of the first quarter. NEW INVESTMENTS: — General Motors, 10 million shares. — Viacom Inc., 1.6 ...  

Media General, Inc. (NYSE: MEG) today announced that it has signed agreements with Berkshire Hathaway, Inc., (NYSE: BRK.A and BRK.B) for the purchase of newspapers and new financing. A subsidiary of Berkshire Hathaway, BH Media Group, will purchase all of the newspapers owned by Media General, with the exception of the Tampa group, for $142 million in cash. Media General said it is in discussions with other prospective buyers for its Tampa...  

Is the Sage of Omaha a sentimentalist or a skeptic when it comes to newspapers? Yes. That the Berkshire Hathaway CEO has a particular soft spot in his heart for the medium has been clear since he picked up his hometown paper, the Omaha World ...  

Viacom and the media industry received a bullish signal from renowned investor Warren Buffett, whose investment conglomerate Berkshire Hathaway added a new position in Viacom during the first quarter while also increasing other media investments, according to The Hollywood Reporter.Berkshire Hathaway almost doubled its stake in Liberty Media and added to its position in DirecTV, the story adds.At $76 million, Berkshire Hathaway's position in...  

USA TODAYWal-Mart, Sears, GameStop are market moversBusinessWeekThe discount retailer's low prices brought more shoppers to its stores in the first quarter, pushing its profit up 10.1 percent. Warren Buffett's company, Berkshire Hathaway Inc., said it is buying 63 newspapers from the local news company for $142 ...Buffett's Berkshire invests in GM, boosts Wal-Mart stakeUSA TODAYall 1,204 news articles »  

RICHMOND, Va., May 17, 2012 (News & Messenger - McClatchy-Tribune Information Services via COMTEX News Network) -- Media General, Inc. (NYSE: MEG) today announced that it has signed agreements with Berkshire Hathaway, Inc., (NYSE: BRK.A and BRK.B) for the ...  

Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings for the Berkshire Hathaway empire.  This cut off date is as of March 31, 2012 and Mr. Buffett has already said that ...  

Buffett’s Berkshire Hathaway (BRK-B) first bought shares in Sanofi in 2006, and increased its holding each year between 2007 and 2010. According to a letter of January 2011: "Berkshire believes that Sanofi…possesses a significant economic franchise and ...  

(AP) OMAHA, Neb. — Warren Buffett's company is apparently bullish on the U.S. auto industry. His company, Berkshire Hathaway Inc. (BRK.A) took a new stake of 10 million in shares in General Motors Co. (GM) in the first quarter. The investment ...  

RICHMOND, Va. - Media General, Inc. (NYSE: MEG) today announced that it has signed agreements with Berkshire Hathaway, Inc., (NYSE: BRK.A and BRK.B) for the purchase of newspapers and new financing.  

NEW YORK (Reuters) - Lloyd Blankfein, Warren Buffett and other well-known chieftains of corporate America might be called to testify at the insider trading trial starting on Monday of former Goldman Sachs Group Inc and Procter & Gamble Co director Rajat Gupta. Blankfein, who runs Goldman, and Buffett, who runs Berkshire Hathaway Inc , are among dozens of people that lawyers for the government and for Gupta said on Thursday might be mentioned...  

Warren Buffett's company is apparently bullish on the U.S. auto industry. Berkshire Hathaway Inc. took a new 10-million share stake in General Motors Co. in the first quarter. The investment comes as the Detroit automaker continues to rebound ...  

Media General, the parent company of The Tampa Tribune ... are acquiring fall firmly in this mold and we are delighted they have found a permanent home with Berkshire Hathaway." Buffett's Berkshire Hathaway Inc. has owned the Buffalo News ...  

The GuardianMoody's Lifts Media General Outlook, S&P Puts On Watch For UpgradeWall Street JournalMoody's Investors Service raised its outlook on Media General Inc. (MEG) to positive from stable, while Standard & Poor's put the diversified media company's ratings on watch for a possible upgrade after Warren Buffett's Berkshire Hathaway Inc. (BRKA, ...Oddest Warren Buffett Investment Ever? The Newspaper BusinessForbesBuffett's firm buys 10M...  

OMAHA, Neb. — Warren Buffett's company said Friday its first-quarter profit more than doubled because Berkshire Hathaway Inc.'s insurance units avoided major disaster losses and the paper value of its derivative contracts improved. Berkshire said it ...  

Warren Buffett reaffirmed Thursday that he will take a “hands-off” approach to the 26 daily newspapers, including the Winston-Salem Journal, that a Berkshire Hathaway subsidiary is buying from Media General Inc. In a letter to publishers and ...  

Also, 46 weeklies and other publications throughout the same region. Berkshire Hathaway Inc.'s planned purchase of 63 newspapers from Media General Inc. creates two new companies, based in Omaha and headed by World-Herald executives. They are ...  

Media General, Inc. (NYSE: MEG) 37.9% HIGHER; today announced that it has signed agreements with Berkshire Hathaway, Inc., (NYSE: BRK.A) (NYSE: BRK.B) for the purchase of newspapers and new financing. A subsidiary of Berkshire Hathaway, BH Media Group, will purchase all of the newspapers owned by Media General, with the exception of the Tampa group, for $142 million in cash. Media General said it is in discussions with other prospective buyers...  

Newspapers are yesterday’s news in a digital world, or so many believe. Warren Buffett, one of the world’s savviest investors, begs to differ. Richmond-based Media General said Thursday morning that it was selling 63 daily and weekly newspapers, including its flagship Richmond Times-Dispatch, to Buffett’s Berkshire Hathaway for $142 million in cash. Read full article >>  

Media General, Inc. (NYSE: MEG) 41.4% HIGHER; today announced that it has signed agreements with Berkshire Hathaway, Inc., (NYSE: BRK.A) (NYSE: BRK.B) for the purchase of newspapers and new financing. A subsidiary of Berkshire Hathaway, BH Media Group ...  

On May 17, 2012, Media General, Inc. (the Company) entered into an Asset Purchase Agreement with Berkshire Hathaway, Inc. A subsidiary of Berkshire Hathaway, BH Media Group, will purchase all of the newspapers and related websites owned by the Company ...  

Many people believe  newspapers are an antiquated, soon-to-be-dead medium. But if so, why did Warren Buffett — arguably the world’s savviest investor — just buy 63 newspapers for $142 million? “Berkshire Hathaway doesn’t fool around,” said analyst Edward Atorino. “I don’t think Berkshire Hathaway does anything where they’re going to lose money.” “We may buy [...]  

News that Media General Inc. will sell all of its newspapers — with the exception of the Tampa Tribune — for $142 million in cash to Berkshire Hathaway Berkshire Hathaway Latest from The Business Journals Warren Buffett boosts stake in Wells ...  

(RTTNews) - Media General Inc. (MEG: News ) on Thursday said it has agreed to sell all its newspapers, except the Tampa group, to BH Media Group, a unit of Warren Buffett's Berkshire Hathaway Inc. (BRK.A and BRK.B) for $142 million in cash. Media General ...  

Media General Inc. will sell all of its newspapers — with the exception of the Tampa Tribune — for $142 million in cash to Berkshire Hathaway Berkshire Hathaway Latest from The Business Journals Warren Buffett eyed ResCap before bankruptcy ...  

BULLISH ON AUTOS?: Warren Buffett's company, Berkshire Hathaway Inc., took a new 10 million-share stake in General Motors Co. in the first quarter. The investment comes as the Detroit automaker continues ...  

Some of the stocks in Warren Buffett’s Berkshire Hathaway portfolio are now correcting near favorable entry levels where value- and income-minded investors can smartly buy in. It is always interesting to look at the stocks that high-profile ...  

Fitch Ratings has assigned an 'A+' rating to the $1.6 billion of new five-year, 10-year and 30-year senior unsecured notes issued by Berkshire Hathaway Finance Corp. . The notes are guaranteed by Berkshire Hathaway Inc.  

NEW YORK (MarketWatch) -- Billionaire investor Warren Buffett's Berkshire Hathaway Inc. , which is supporting Coty Inc.'s raised bid for Avon Products Inc. , would provide $2.5 billion to finance the deal if it takes place, the Wall Street Journal reported, citing people familiar with the situation. Buffett was brought into the financing group by Byron Trott, a longtime banker for Berkshire who ...  

A deep belief in newspapers' role in the fabric of their communities persuaded billionaire investor Warren Buffett to spend $142 million to buy the Winston-Salem Journal and 62 other Media General Inc. properties.  

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks during an interview with Liz Claman of the Fox Business Network in Omaha, Neb., Monday, May 7, 2012. Buffett said on Monday that Europe will have a hard time resolving its fiscal problems because of the structure of the European Union and this weekend's election results in Greece and France, but he says the turmoil in Europe won't keep him from investing. Buffett said Berkshire...  

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A+' rating to the $1.6 billion of new five-year, 10-year and 30-year senior unsecured notes issued by Berkshire Hathaway Finance Corp. (BHFC). The notes are guaranteed by Berkshire Hathaway Inc ...  

May 16 - Fitch Ratings has assigned an 'A+' rating to the $1.6 billion of new five-year, 10-year and 30-year senior unsecured notes issued by Berkshire Hathaway Finance Corp. (BHFC). The notes are guaranteed by Berkshire Hathaway Inc. The 'A+ ...  

(RTTNews.com) - Media General Inc. (MEG) has entered into agreements with Berkshire Hathaway Inc. (BRK.A and BRK.B) for the purchase of newspapers and new financing. BH Media Group, an unit of Berkshire Hathaway, would buy all of the newspapers ...  

Number of the day 63 That's how many newspapers Warren Buffett is buying from Media General. Berkshire Hathaway , the billionaire's conglomerate, will pay $142 million for papers including the Richmond Times-Dispatch in... Presented By: Avoid the hassle of sheet labels.   Say goodbye to sheet label hassles. The DYMO® LabelWriter® 450 Turbo creates labels with customizable, individual addresses. No more blank labels on a sheet...  

Warren Buffett’s Berkshire Hathaway is buying Media General’s newspapers, which means that the Daily Progress is changing hands. It was 1995 when Media General Bought the now-120-year-old newspaper from Worrell Enterprises, a local, family-owned business, and by most measures, the newspaper has not fared well since. The entire print journalism industry has been in a [...]  

But the documents Berkshire Hathaway Inc. filed with regulators Tuesday don’t reveal everything Buffett and the company’s two new investment managers have been buying. That’s because they are allowed to omit some of its holdings from the report.  

A deep belief in newspapers' role in the fabric of their communities persuaded billionaire investor Warren Buffett to spend $142 million to buy the Winston-Salem Journal and 62 other Media General Inc. properties. The second corporate owner of ...  

The Dothan Eagle is among 63 daily and weekly newspapers that will be acquired by Berkshire Hathaway Inc. According to Bloomberg, Berkshire agreed to pay $142 million for newspapers owned by Media General Inc. Berkshire will also provide Media General a $400 million term loan with an interest rate of 10.5 percent, and the deal includes all of the company’s newspapers except for the Tampa group.  

Billionaire investor Warren Buffett plans to increase his newspaper holdings by buying 63 daily and weekly newspapers from Media General Inc., including the Bristol Herald Courier. BH Media Group, a division of Buffett’s Berkshire Hathaway ...  

Warren Buffett's Berkshire Hathaway disclosed today that it ... today in a filing with the Securities Exchange Commission by the Berkshire, of which Buffet is chairman and CEO. Berkshire Hathaway purchased the 10 million shares for a total investment ...  

From NetNewsCheck Berkshire Hathaway subsidiary BH Media Group is purchasing Media General’s newspapers for $142 million in cash, the companies announced today. Media General’s Tampa, Fla.-newspaper group was not included in the sale. The company said it is in discussions with other prospective buyers for its Tampa print assets. Under a separate credit agreement, Berkshire Hathaway will provide Media General with a $400 million term loan...  

Warren Buffett’s Berkshire Hathaway has purchased 63 newspapers from Media General, a $142 million deal that includes the Richmond Times-Dispatch and the Winston-Salem Journal. Berkshire Hathaway isn’t new to the newspaper business. It already owns Buffalo News (New York), has a stake in the Washington Post, and owns the Omaha World-Herald. Berkshire Hathaway has also extended a $445 million loan/line of credit to Media General, which could...  

(Reuters) - With the help of Warren Buffett's Berkshire Hathaway Inc , fragrance maker Coty raised its bid for Avon by 6.5 percent to $10.65 billion and set a four-day deadline for the cosmetics company to start talks. That leaves the board and ...  

But the documents Berkshire Hathaway Inc. filed with regulators Tuesday don't reveal everything Buffett and the company's two new investment managers have been buying. That's because they are allowed to omit some of its holdings from the report.  

The Nebraska-based firm, which the 81-year-old billionaire is CEO of, had 10 million shares of the automaker on March 31, according to U.S. Securities Exchange Commission document disclosing its U.S. stockholdings today.  

Berkshire Hathaway agreed to pay $142 million for Media General’s newspapers including the Richmond Times-Dispatch as Warren Buffett bets community-focused publications will weather an advertising slump.  

NEW YORK (AP) — Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc. Richmond, Va.-based Media General says the $142 million deal includes the Richmond Times ...  

May 10 (Bloomberg) -- Coty Inc. raised its offer to acquire Avon Products Inc. to about $10.7 billion and said Warren Buffett's Berkshire Hathaway Inc. will provide financing as the perfume-maker seeks to draw Avon into negotiations. The new ...  

John Fox, director of research at the Fenimore Asset Management Inc., and co-manager of the FAM Value Fund, discusses investing in Berkshire Hathaway Inc. (BRK/A) Fox talks with Bloomberg's Pimm Fox and Courtney Donohoe on Bloomberg Radio's "Taking Stock."  

Warren Buffett's Berkshire Hathaway has been busy buying stocks, including a new stake in General Motors. Berkshire's just-released 13-F filing with the SEC shows two new stocks were added to its portfolio during the first quarter of the year, and stakes ...  

Warren Buffett's Berkshire Hathaway has bought 63 newspapers from Media General for $142 million, the companies announced today. Berkshire Hathaway subsidiary BH Media Group will now add daily and weekly titles in Virginia, North Carolina, South Carolina, and Alabama to the Omaha World-Herald Company newspapers it already owns. Those papers include the Richmond Times-Dispatch (VA) and the Winston-Salem Journal (NC). Media General, which also...  

Billionaire investor Warren Buffett’s company, Berkshire Hathaway (NYSE: BRK.A), is betting big on the newspaper industry, with a deal to acquire the majority of Media General Inc.’s (NYSE: MEG) newspapers. MEG shares have surged following the ...  

Warren Buffett's Berkshire Hathaway has agreed to purchase 63 daily and weekly newspapers owned by Media General for $142 million, including  titles in Virginia, North Carolina, South Carolina and Alabama.  Separately, Berkshire took a 19.9 ...  

Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) holding corporation has picked up a stake in General Motors (NYSE: GM), buying 10 million shares of the Detroit auto maker. The new stake was included in regulatory papers filed with the ...  

Warren Buffett's Berkshire Hathaway (BRK) is making another bet on the newspaper industry, with a deal to buy the majority of Media General Inc's (MEG) papers for $142 million in cash. Berkshire will also loan $400 million to the company and ...  

Warren Buffett's billions in personal investments are not scattered across a hundred issues as a fund of similar size often is. Including his holdings in Berkshire Hathaway (BRK.A), Mr. Buffett's investments instead number only about a dozen issues.  

CHICAGO (MarketWatch) -- Shares of newspaper publisher and broadcaster Media General Inc. were up 40% Thursday after billionaire investor Warren Buffett's Berkshire Hathaway signed a deal to buy 63 of the company's newspapers for $142 million. The flagship Tampa Tribune is not included in the transaction. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on...  

The Winston-Salem Journal and nearly all of Media General Inc.'s newspaper division have been sold today to the media subsidiary of Warren Buffett's Berkshire Hathaway investment group. The Media General newspaper division sold for $142 million ...  

The purchase includes every Media General community paper and metro newspaper, except for The Tampa Tribune. In the agreement, Berkshire Hathaway will give Media General a $400 million term loan to pay the company’s debt and a $45 million ...  

Warren Buffett’s Berkshire Hathaway revealed new investments in Viacom Inc. and General Motors Co., though both holdings were small enough to suggest they may not have been made by the company’s famous chairman. Berkshire held 10 million ...  

General Motors Co. (GM) (GM) gained as much as 4.3 percent, the most in almost a month, after Warren Buffett’s Berkshire (BRK/B) (B) Hathaway Inc. disclosed it bought a stake in the largest U.S. automaker. GM gained (GM) 3.9 percent to $22.26 ...  

Under the deal, Berkshire Hathaway would have taken on potential liabilities such as increasing litigation costs and other claims, while paying nothing upfront for ResCap's assets. Buffett sought to avoid a ResCap bankruptcy filing because Berkshire had ...  

Richmond, Va.—Berkshire Hathaway subsidiary BH Media Group has agreed to acquire all local newspapers owned by Media General with the exception of the Tampa Group. Berkshire Hathaway will pay $142 million in cash for the papers, which include ...  

Billionaire investor Warren Buffett, who has recently been swatting at rumors about his health and his company's line of succession, is thinking about things cosmetically these days: Berkshire Hathaway is participating in makeup company Coty Inc ...  

Seattle -- SEATTLE - Two young brothers from Puyallup, Wash., are headed to Omaha, Neb., next week for something most CEOs can only dream of: a chance to pitch their business idea to investment mogul Warren Buffett. Winning bidders on eBay have ...  

Two young brothers from Puyallup are headed to Omaha next week for something most CEOs can only dream of: a chance to pitch their business idea to Warren Buffett. Winning bidders on eBay have paid $2 million for the opportunity to attend a ...  

Hartford looks for big-cap, dividend-paying value stocks and owns a number of the same stocks as Berkshire Hathaway, ­including Wells Fargo and Johnson & ­John­son, as well as 3M, Eaton Corp. and Illinois Tool Works. Reach Abram Brown at ...  

At this point, you've probably heard about JP Morgan's shocking and embarrassing $2 billion trading loss, which was announced last Thursday. Fans of CEO Jamie Dimon, who is (or was) was widely recognized as Wall Street's golden boy, have been ...  

Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:NYSEGeneral Motors Co., up 49 cents at $21.91Warren Buffett's Berkshire Hathaway Inc. ...  

Media General Inc. Wednesday announced that it is selling 63 newspapers, including The Dothan Eagle and The Opelika-Auburn News, to Warren Buffett’s Berkshire Hathaway Inc. for $142 million.  

Berkshire Hathaway :