Warren Buffett’s latest acquisition: Waco Tribune-Herald
The Omaha World-Herald Co. is buying the Waco Tribune-Herald, its second recent acquisition in Texas, reports Steve Jordon:
The Tribune-Herald circulates 34,000 copies daily and 39,000 on Sundays in the Waco area. Terry Kroeger, CEO of the World-Herald, said Waco is “a very strong, growing market with terrific assets, including Baylor University and the new research park.”
A year ago, Buffett's Berkshire Hathaway owned just The Buffalo News. He acquired The Omaha World-Herald and its associated properties in December. Since then he's been on a spending spree: a bunch of papers from Media General, then the paper in College Station, and now Waco. He'll own 89 papers after the latest deal closes July 31.
Earlier: Buffett says he has no "secret sauce" to making newspapers successful (The New York Times) | Who’ll sell more papers: Warren Buffett or the Internet? (Poynter) | Warren Buffett’s Buffalo News to erect paywall (Poynter)
Correction: Steve Jordon's name was misspelled in the original version of this post.