Warren Buffett is selling his newspapers for 140 million a fraction of what they cost him
Get the Full StoryREUTERS Rick WilkingWarren Buffett is selling his newspaper business for 140 million to Lee Enterprises.
Lee has managed Berkshire Hathaway's newspapers since 2018.
Buffett bought 28 of the papers for 344 million in the early 2010s.
He's also selling the Buffalo News, which he acquired for about 36 million in 1977.
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Warren Buffett is selling his newspaper business for 140 million a fraction of the 344 million he spent acquiring 28 daily papers less than a decade ago.
The billionaire investor's Berkshire Hathaway conglomerate will hand over 31 daily newspapers including the Omaha World-Herald and the Buffalo News to publisher Lee Enterprises. Lee's existing papers include the St. Louis Post-Dispatch and the Napa Valley Register.See the rest of the story at Business InsiderNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruptionSee Also:Kobe Bryant designed products by talking Picasso, leopards, and great white sharks with Nike's CEO'The American Dream isn't a private club with a cover charge': Alexandria Ocasio-Cortez trashes Trump's wealth test for immigrantsWhen 19,000 Chinese fans crashed Kobe Bryant's morning workout, he gave them his shirt and shoes
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