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Lee Enterprises to buy Berkshire Hathaway newspaper operations

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Quad-City Times: Davenport based-Lee Enterprises will buy Berkshire Hathaway’s BH Media Group publications and the Buffalo News for $140 million, the company said today. The deal covers 30 daily newspapers in 10 states as well as 49 paid weekly publications with digital sites and 32 other print products. Among the daily papers are the Omaha World-Herald in Nebraska, the Tulsa World in Oklahoma and the Winston-Salem Journal in North Carolina. As part of the agreement, Lee will enter into a 10-year lease for BH Media’s real estate. Lee has been managing the BH Media publications since July 2018. Lee’s portfolio will grow to 81 daily papers, nearly doubling its audience size, the company said. The deal is expected to close in mid-March.

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