Lee Enterprises (LEE)

[Timetravelerdos]

Buffet would not given Lee a huge $576 Million loan if he didn't think it would be a good deal. He certainly wants his money back plus interest.
Berkshire Hathaway: “We had zero interest in selling the group to anyone else for one simple reason: We believe that Lee is best positioned to manage through the industry’s challenges.”


Lee: “We have enjoyed a strong, long-term relationship with Berkshire Hathaway, which has been a significant investor across our capital structure for years. As manager of BH Media for the past 18 months, we have developed a deep knowledge of these properties and tremendous respect for their operators. We know first-hand the power this acquisition brings for further accelerating our industry-leading digital revenue growth while maintaining our focus on delivering high-quality local news.

https://www.wacotrib.com/business/berkshire-hathaway-sells-trib-other-daily-newspapers-to-lee-enterprises/article_203402ab-305d-555a-b7e8-57b4edbc6874.html