“There are certainly good parts of the company we’d have a good interest in,” BH Media Group CEO Terry Kroeger told NetNewsCheck’s Lou Carlozo about Tribune Co.’s newspapers. Kroeger “declined to elaborate further,” Carlozo writes, but during a speech Monday he said: “The big money-center markets are not what we do best,” and that his division of Berkshire Hathaway, which owns dozens of newspapers, is “best in the 40,000 to a 100,000 circulation range.”
By that metric, Tribune papers like The Morning Call of Allentown, Pa., the Daily Press of Newport News, Va., and the Hartford Courant could interest Warren Buffett’s company, Carlozo writes. Last December, Buffett told reporters from the Morning Call that “Allentown is our kind of place” and that while he hadn’t heard from Tribune directly, “if the phone rings, I’ll answer.”
Tribune Co. reportedly planned to sell its print newspapers after it emerged from bankruptcy at the end of last year, but it later announced it would separate its print and broadcast properties. That didn’t necessarily mean the company had abandoned the idea of selling its print properties, Walter Hamilton wrote at the time, but he noted it had “yet to open the newspapers’ books to potential buyers.”
A Tribune spokesperson declined to comment to Carlozo.