Warren Buffett's latest acquisition: Waco Tribune-Herald

Omaha World-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.

  • Steve Myers

    Steve Myers was the managing editor of Poynter.org until August 2012, when he became the deputy managing editor and senior staff writer for The Lens, a nonprofit investigative news site in New Orleans.


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