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BERKSHIRE BUYS WACO NEWSPAPER

Published 06/23/2012 12:00 AM
Updated 06/23/2012 12:08 AM

Billionaire Warren Buffett's company, Berkshire Hathaway Inc., says it is buying another Texas newspaper, this one in Waco, the home of Baylor University.

Berkshire's newspaper division made the announcement Friday at a meeting with Waco Tribune-Herald employees.

The deal fits with Berkshire CEO Warren Buffett's stated interest in buying small and medium-sized newspapers in places with a strong sense of community.

The Tribune-Herald, with its daily circulation of 34,000, is one of many newspapers in which Buffett now has a stake. Berkshire recently acquired the Bryan-College Station Eagle, another Texas newspaper.

- The Associated Press

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