INDIANAPOLIS (AP) — The head of Warren Buffett's newspaper subsidiary says the company has no new newspaper deals in the works despite its reported interest in parts of Tribune Co.
BH Media Group president and CEO Terry Kroeger said Wednesday during the annual conference of Associated Press Media Editors he wishes the company had some new newspaper acquisitions in the works, but it doesn't. The Berkshire Hathaway subsidiary currently owns 30 daily newspapers and 48 weeklies.
Kroeger says Buffett said months ago he might be interesting in acquiring some newspapers owned by Tribune Co. Buffett said in March he has no interest in the Chicago-based conglomerate's big metropolitan papers, the Chicago Tribune and the Los Angeles Times.
Kroeger says BH Media Group's "sweet spot" is newspapers with circulations between 30,000 and 100,000.