Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises

January 29, 2020 admin Business News Comments Off on Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises

Warren Buffett’s Berkshire Hathaway Inc agreed to sell its newspaper business to Lee Enterprises Inc for $140 million in cash, abandoning an industry the billionaire investor had long defended even as its financial prospects deteriorated.

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Source:: Reuters – Business News