Law360, New York (May 17, 2012, 3:28 PM ET) -- Warren Buffett's Berkshire Hathaway Inc. will fork over $142 million for 63 of Richmond, Va.-based Media General Inc.'s daily and weekly newspapers, redoubling the Nebraska company's media investments with publications including Media General's flagship Richmond Times-Dispatch, the companies said Thursday.
Separately, Berkshire Hathaway will provide Media General a $400 million term loan, set to mature in 2020, as well as a $45 million revolving credit line, the media company said. The loan allows the company to fully repay debt due in March of next year....
Berkshire Hathaway Pays $142M For 63 Media General Papers
To view the full article, take a free trial now.
