Anschutz’s, Buffett’s influence on newly acquired papers remains to be seen
Billionaire Warren Buffett, chairman and chief executive officer of Omaha, Neb.-based Berkshire Hathaway Inc., has purchased the Omaha World-Herald Co., the parent company of his hometown newspaper, the Omaha World-Herald. The deal, announced Nov. 30, includes $150 million in cash as well as the assumption of $50 million of debt.
The move comes on the heels of an announcement that another Midwest newspaper, The Daily Oklahoman in Oklahoma City, was acquired in October by the Anschutz Corp., owned by Denver billionaire Philip Anschutz.