Warren Buffett buys Media General stock

Warren Buffett

The Tampa Tribune reports Warren Buffett’s Berkshire Hathaway has a 16.6% ownership stake in Media General with the recent purchase of 4.65 million Class A common shares. “The stock purchase gives Berkshire a significant say in how Media General operates as a broadcast and digital business,” notes Rick Mayer.

Buffett bought 63 Media General newspapers in May.

* Berkshire Hathaway purchases Media General shares (tbo.com) | (bizjournals.com)