Newspapers are in trouble everywhere, and I knew there had been changes at the Tulsa paper, but – Wow… a sale of the Tulsa World surprised me. According to the Associated Press:
Billionaire Warren Buffett’s Berkshire Hathaway said Monday that it is buying the Tulsa World, bringing its newspaper unit to 28 small- or medium-sized dailies.
The privately held Tulsa newspaper has a daily circulation of 95,000. The sale was reported Monday by the Tulsa World and Berkshire’s Omaha World-Herald, whose executives oversee the company’s newspapers.
Terms of the deal, which is expected to close in March, weren’t disclosed.
Terry Kroeger, who runs Berkshire’s newspapers, said the Tulsa paper will be a great fit. “The Tulsa World is a special newspaper in an outstanding market and we are honored to have the opportunity to own it,” Kroeger said in a statement.
It doesn’t mean the end of the newspaper, just the locally-owned part of it. I guess I admired the media holdouts who were still running their own shows.
The end of an era.