Warren Buffett buys Press of Atlantic City - Dallas News | myFOXdfw.com

Warren Buffett buys Press of Atlantic City

Posted: Updated:

OMAHA, Neb. (AP) -- Warren Buffett's Berkshire Hathaway Inc. is adding the Press of Atlantic City, N.J., to its collection of more than two dozen small and medium-sized newspapers.
 
Berkshire said Thursday that it's buying the Press from Abarta, which is a private Pittsburgh firm held by the Taylor and Bitzer families.
 
The Press will be Berkshire's 31st daily newspaper. It has a daily circulation of 67,000 and a Sunday circulation of 77,000 in southern New Jersey.
 
Financial terms of the deal were not disclosed.
 
Buffett has said he believes smaller papers like the ones Berkshire is buying will fare OK because they remain the primary source of information about their communities.
 
But Buffett says the newspapers will do little to help Berkshire's profits because they are relatively small compared to the total conglomerate.

  • New Jersey NewsNew Jersey NewsMore>>

  • Teaneck couple's wedding photos wash up in Staten Island

    Teaneck couple's wedding photos wash up in Staten Island

    Friday, August 22 2014 2:08 PM EDT2014-08-22 18:08:20 GMT
    Nearly two years after losing their wedding photos, one couple has finally got them back. The photos washed up on a Staten Island couple's driveway a few days after Hurricane Sandy.
    Nearly two years after losing their wedding photos, one couple has finally got them back. The photos washed up on a Staten Island couple's driveway a few days after Hurricane Sandy.
  • Gallery U in Westfield celebrates anniversary with reality TV star Teresa Giudice

    Gallery U in Westfield celebrates anniversary with reality TV star Teresa Giudice

    Friday, August 22 2014 2:05 PM EDT2014-08-22 18:05:56 GMT
    Teresa and Joe Giudice (AP Photo/Oral-B Pulsonic, Gary He)Teresa and Joe Giudice (AP Photo/Oral-B Pulsonic, Gary He)
    Gallery U Boutique in Westfield celebrated its one-year anniversary Wednesday with an event featuring special guest Teresa Giudice of The Real Housewives of New Jersey. Giudice met guests, posed for photos and signed autographs and Gallery U collected donations for the Brain Injury Alliance of New Jersey. The event was hosted by Velocity 1 Media. "Last night's event brought 150 people to Gallery U Boutique and Downtown Westfield,” said retail manager Melody Lieberman.
    Gallery U Boutique in Westfield celebrated its one-year anniversary Wednesday with an event featuring special guest Teresa Giudice of The Real Housewives of New Jersey. Giudice met guests, posed for photos and signed autographs and Gallery U collected donations for the Brain Injury Alliance of New Jersey. The event was hosted by Velocity 1 Media. "Last night's event brought 150 people to Gallery U Boutique and Downtown Westfield,” said retail manager Melody Lieberman.
  • Sanitation men nearly throw away mayor's piano

    Sanitation men nearly throw away mayor's piano

    Friday, August 22 2014 1:39 PM EDT2014-08-22 17:39:56 GMT
    A piano donated by Jersey City Mayor Steve Fulop nearly ended up pushing up daises in a landfill instead of making music in a pedestrian plaza. Fulop gave the upright so residents could play tunes in a pedestrian plaza that opened on Monday.
    A piano donated by Jersey City Mayor Steve Fulop nearly ended up pushing up daises in a landfill instead of making music in a pedestrian plaza. Fulop gave the upright so residents could play tunes in a pedestrian plaza that opened on Monday.

Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices