Berkshire Hathaway Inc. closed on its purchase of the Omaha World-Herald Co. on Friday.
Berkshire, the Omaha investment company headed by Chairman and CEO Warren Buffett, and the Omaha newspaper company announced the purchase on Nov. 30 for $150 million plus assumption of $50 million in debt. On Tuesday, the World-Herald shareholders — about 275 employees and retirees and the Peter Kiewit Foundation — approved the sale.
The purchase includes the flagship Omaha World-Herald newspaper and daily newspapers in Kearney, Grand Island, York, North Platte and Scottsbluff, Neb.; the Council Bluffs Nonpareil; a number of weekly newspapers in the region; and World Marketing, a direct-mail company with operations in Omaha, Chicago, Dallas, Atlanta and Los Angeles.
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