TULSA (AP) — The Tulsa World says it’s being acquired by billionaire Warren Buffett’s BH Media Group.
The newspaper, which has a daily circulation of 95,000, is now owned by Lorton family. The Tulsa World reported Monday that the sale is expected to close in March. Terms of the transaction weren’t disclosed.
BH Media Group is a subsidiary of Buffett’s Berkshire Hathaway Co. Headquartered in Nebraska, BH Media Group now owns 28 daily newspapers, including the Omaha (Neb.) World-Herald.
World Publishing Company Chairman Robert Lorton Jr. says selling to BH Media Group provides a secure future for the daily newspaper in Tulsa.
Beyond newspapers, Berkshire 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.