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Thursday, December 01, 2011

Buffett Buys Hometown Newspaper

NEW YORK (CNNMoney) -- The Oracle of Omaha is making an old-media buy.

Warren Buffett's Berkshire Hathaway (BRKA, Fortune 500) announced plans on Wednesday to purchase the Omaha World-Herald Company, which owns the Omaha World-Herald and several other newspapers in Nebraska and Iowa.

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