Warren Buffett gets out of the newspaper business – Gulf Today

Warren Buffett gets out of the newspaper business – Gulf Today

Other newspapers include 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.. Berkshire Hathaway is providing about $576 million in long-term, 9% financing to Lee, which it will use to pay for the Berkshire properties and refinance Lee's approximately $400 million in existing debt..