“Of the people who are buying newspapers
now, I think Berkshire is the best home for The Roanoke Times,” Landmark Chairman and CEO Frank Batten Jr. said. “They are a reputable company, and they have good ethical
standards. . . . They’re hard-nosed business people like everybody else, but I think they understand the value and the role of
newspapers.” For the Times story, by Laurence Hammack, click here.
Steve Jordon of the Omaha World-Herald notes that the Times "will be the 29th daily newspaper owned by BH Media,
which also owns 40 newspapers published once, twice or three times a
week, plus shoppers, monthly publications and regional magazines and
related online publications. . . . Buffett, chairman and CEO of Berkshire, has been assembling a network of
small and medium-sized newspapers since he bought The World-Herald in
December 2011." Most were bought from Media General Corp. of Richmond, with heavy interests in Virginia and North Carolina. Here's a list.
The deal leaves Landmark, which made billions selling The Weather Channel to NBC Universal, with The Virginian-Pilot in Norfolk and about 56 community newspapers, overseen from Shelbyville, Ky. It also owns KLAS-TV in Las Vegas.
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