Berkshire Hathaway (BRK.A) agrees to pay $142M to acquire most of Media General's (MEG)...

|About: Berkshire Hathaway Inc (BRK.A)|By:, SA News Editor

Berkshire Hathaway (BRK.A) agrees to pay $142M to acquire most of Media General's (MEG) newspapers, including 63 daily and weekly titles in Virginia, North Carolina, South Carolina and Alabama. Berkshire also takes a 19.9% stake in Media General as part of a deal to provide the firm with a $400M term loan and a $45M revolving credit line. (PR)