InvestorsHub Logo
Followers 63
Posts 8502
Boards Moderated 0
Alias Born 01/10/2014

Re: None

Wednesday, 01/29/2020 3:30:43 PM

Wednesday, January 29, 2020 3:30:43 PM

Post# of 602
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



“Believing in negative thoughts is the single greatest obstruction to success.”
Charles F. Glassman

Statements made are only my opinion. Do your own DD in order to make your own investment decisions.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LEE News