Warren Buffett's Berkshire-Hathaway Inc. To Purchase The Eagle

By: The Bryan-College Station Eagle Email
By: The Bryan-College Station Eagle Email

The following story was published in the Bryan-College Station Eagle's website:

The Bryan-College Station Eagle has been sold to Berkshire-Hathaway Inc.

Officials with the Omaha, Neb.-based company owned by Warren Buffett made the announcement to employees in The Eagle newsroom Tuesday morning.

It is the eighth sale in The Eagle's 123-year history. The deal is expected to close June 30.

The paper will operate under the Omaha World-Herald Co., a subsidiary of Berkshire Hathaway.

Buffett bought the World-Herald, his hometown newspaper, last fall.

Last month, the company announced it was buying 63 daily and weekly newspapers from Media General.

Terry Kroeger, CEO of the Omaha World-Herald Co., said, “We're delighted to have the Bryan-College Station Eagle join our growing family of newspapers. We have admired this market for many years, with its great assets led by Texas A&M University.”

In March, the Evening Post Publishing Co, announced it would be selling the paper to help the company meet other objectives.

Evening Post Publishing, a private company based in Charleston, S.C., owns the South's oldest daily newspaper, The Post and Courier of Charleston, 12 other newspapers, 13 television stations and South Carolina timberland. It bought The Eagle from Dallas-based A.H. Belo Corp. in 2001.

Evening Post CEO John Barnwell said “this represents a strategic sale for us as we move to further diversify our holdings. The Eagle is an excellent newspaper and it will continue to thrive under it's new owners. We are pleased that our friends at The Eagle will have the opportunity to join a company that is part of the Berkshire Hathaway family, and we wish them all the very best.”

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