In 2018, Lee signed a deal with Warren Buffett’s Berkshire Hathaway to manage BH Media, which included the Omaha World-Herald in Nebraska, the Waco Tribune-Herald in Texas and the Richmond Times-Dispatch in Virginia, among other properties. Buffett told Yahoo News the next year that because of a decline in advertising, the newspaper industry “went from monopoly to franchise to competitive to … toast.” In March 2020, he sold 49 weekly and 30 daily newspapers to Lee in a $140 million cash deal.
Alden Global Capital wants to buy Lee Enterprises newspaper chain – The Washington Post
