Tulsa World sold to Warren Buffett's Berkshire

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Associated Press

Posted on February 25, 2013 at 1:00 PM

Updated Monday, Feb 25 at 1:03 PM

OMAHA, Neb. (AP) — Billionaire Warren Buffett's Berkshire Hathaway is buying the Tulsa World, bringing its newspaper unit to 28 dailies.

The privately held Tulsa newspaper has a daily circulation of 95,000. The sale was reported Monday by the Tulsa World and Berkshire's Omaha World-Herald, whose executives oversee the company's newspapers.

Terms of the deal, which is expected to close in March, weren't disclosed.

Terry Kroeger, who runs Berkshire's newspapers, says the Tulsa paper will be a great fit.

Beyond newspapers, Berkshire Hathaway Inc. owns clothing, insurance, furniture, utility, jewelry and corporate jet companies. It also has big investments in companies including Coca-Cola Co., IBM Corp. and Wells Fargo & Co.

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