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Two area papers bought by Lee Enterprises

Posted at 8:23 AM, Jan 30, 2020
and last updated 2020-01-30 09:23:58-05

Two local papers are being bought by Lee Enterprises.

Lee Enterprises purchased 30 publications from the Berkshire Hathaway Media Group for $140 million.

Berkshire Hathaway Media Group was owned by billionaire Warren Buffet.

Buffett is a lifelong fan of newspapers but he has said for several years that he expects most of them to continue on their declining trajectory, save for a handful of national papers such as The New York Times and The Wall Street Journal.

The deal included The Waco Tribune-Herald in Waco and The Eagle in the Brazos Valley.

This deal will means Lee Enterprises will now own and operate 81 daily papers.