Warren Buffett's newspaper group buys North Carolina paper - Omaha.com
Published Thursday, January 31, 2013 at 9:28 am / Updated at 6:13 pm
Warren Buffett's newspaper group buys North Carolina paper

Warren Buffett's newspaper group bought the Greensboro (N.C.) News & Record on Thursday, adding the 122-year-old newspaper to its 26 daily newspapers and dozens of other publications.

BH Media Group, a division of Berkshire Hathaway Inc., purchased the newspaper for an undisclosed amount from Landmark Media Enterprises, which is based in Norfolk, Va. Buffett, chairman and CEO of Berkshire, has said he wants to acquire more newspapers in midsized cities with strong community ties.

The News & Record circulates 58,000 copies daily and 86,000 on Sundays in North Carolina's Guilford County and the surrounding region. It has been owned by Landmark since 1965 and will become part of World Media Enterprises, a BH Media division. ----

Also read

Warren Buffett to publishers: Make newspapers 'indispensable'

Buffett may have one eye on newspapers' role and other on bottom line

Buffett calls purchased newspapers 'keepers'

Buffett to buy 63 newspapers

Buffett to buy Omaha World-Herald

“We're delighted to have the Greensboro News & Record join our growing family of newspapers,” said Terry Kroeger, CEO of the BH Media Group and publisher of The Omaha World-Herald. “The News & Record is a great fit with our newspapers in North Carolina. We welcome the Greensboro employees into the BH Media family.”

In North Carolina, BH Media also owns the Journal in Winston-Salem, 30 miles away, and four other dailies and six weeklies.

Michael Abernathy, president of Landmark, said, “While we will miss the many talented and dedicated employees of the News & Record, we are pleased they will be joining a company such as BH Media that is committed to the future of newspapers.”

Greensboro, home to about 275,000 people, is part of a metropolitan area with Winston-Salem and High Point known as the Piedmont Triad, with a combined 1.6 million population.

Greensboro and Omaha both are among the cities bidding to host the 2016 U.S. Olympic swim trials, which were held in Omaha in 2008 and 2012. Greensboro-based Jefferson Pilot Corp. purchased Guarantee Life Insurance of Omaha in 1999. Both are now part of Lincoln Financial Corp.

Find the latest in local business and development, from who's saying
what to what's going in at that corner,
in the Money Talks blog.

Once considered the center of the southern textile industry, Greensboro has the headquarters of Honda Aircraft Co., Lorillard Tobacco Co., Mack Trucks, Volvo Trucks of North America, the International Textile Group, Daimler Buses and Columbia Forest Products.

The News & Record began as The Daily Record, first printed in November 1890, and the Greensboro Daily News, first published in 1909. The two had common ownership starting in 1930 and merged under the combined name in 1982, switching to morning-only circulation in 1986.

Along with the dailies, BH Media owns 40 newspapers published once, twice or three times a week, plus shoppers, monthly publications and regional magazines 268 publications in all and related on-line publications.

The Omaha World-Herald Co. is owned by Berkshire Hathaway Inc.

Contact the writer: 402-444-1080, steve.jordon@owh.com, twitter.com/buffettOWH

Contact the writer: Steve Jordon

steve.jordon@owh.com    |   402-444-1080    |  

Steve covers banking, insurance, the economy and other topics, including Berkshire Hathaway, Mutual of Omaha and other businesses.

State regulator tells 2 ride services eyeing Omaha, Lincoln to cease and desist
Proposed 5% hike in cab fares meets reluctant state transportation official
Google signs deal with MidAmerican Energy to power Bluffs data center
Supreme Court conflicted on Aereo’s streaming TV service
'Being frugal counts': Student pays for college with pennies
Spring corn planting still sputters in Nebraska, Iowa, other key states
Nebraska banking and finance director to retire
Verizon Wireless looking to fill 100 full-time jobs in Lincoln
In brief: AT&T to expand 1-gig Internet service to 25 metro areas
Saddle Creek Baker's store considers adding a gas station
Black Hills Energy, Arbor Day Foundation partner to offer free trees
A stormy start to 2014 for Werner Enterprises, but forecast is brighter
The Record: Building permits, April 22
The Record: Bankruptcies, April 22
Why high oil prices are good for airlines
After peeling off its print layer, the Onion thrives
New job training program serves foster youth
USDA rural business investment program launched
Ring Supplier plans ribbon-cutting ceremony today
Meet a mermaid at Chicken of the Sea stop in Omaha
Thriving Nebraska technology company says it's 'the nature of our society' to automate jobs
Why two hotshots ditched six-figure salaries for a life of less
Tilly's racing to make 50 hats before the polo match
UNL report casts doubt on use of corn-crop leftovers for ethanol
Nebraska Crossing Outlets stores, layout
Deadline Deal thumbnail
Steam-A-Way Carpet Cleaning
$50 for 3 rooms and a Hallway up to 600 square feet
Buy Now
< >
Inside Business
To submit an announcement for "Inside Business", click here. For questions call (402) 444-1371 or e-mail announcements@owh.com.
Want to get World-Herald stories sent directly to your home or work computer? Sign up for Omaha.com's News Alerts and you will receive e-mails with the day's top stories.
Can't find what you need? Click here for site map »