
Credit: TIMES-DISPATCH The Richmond Times-Dispatch, headquartered at 300 E. Franklin St., is among the 63 dailies and weeklies being sold to BH Media Group. Media General Inc. today announced that it is selling 63 newspapers, including the Richmond Times-Dispatch, to Berkshire Hathaway Inc. for $142 million. A subsidiary of Berkshire Hathaway, BH Media Group, will purchase all of the newspapers owned by Media General, with the exception of the Tampa group. Media General said it is in discussions with other prospective buyers for its Tampa print assets. Under a separate credit agreement, Berkshire Hathaway will provide Media General with a $400 million term loan and a $45 million revolving credit line. The new loan will be used to fully repay the company’s existing bank debt ...
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