Business

Berkshire Hathaway subsidiary purchases Free Lance-Star

Posted December 31, 2015 6:00 am

The Associated Press

FREDERICKSBURG, Va. (AP) - Berkshire Hathaway subsidiary BH Media Group has purchased The Free Lance-Star, adding to its newspaper holdings in Virginia.

The purchase announced Thursday increases the Omaha-based BH Media's daily newspaper count to 32, most of them across the South and Midwest. The company has 10 daily papers in Virginia, including The Richmond Times-Dispatch and dailies in Charlottesville, Roanoke and Danville, plus nearly 20 weeklies in the state. BH Media also owns the Omaha World-Herald.

Sandton Capital Partners had acquired the Fredericksburg newspaper and its affiliates during bankruptcy proceedings in June 2014.

Terms of the transaction between Sandton Capital Partners and BH Media were not disclosed, the Free Lance-Star reported (http://bit.ly/1R1i61m).

The Free Lance-Star is a 31,700-circulation daily newspaper serving Fredericksburg and surrounding counties.

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