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Omaha billionaire to buy Tulsa World

The privately held Tulsa newspaper has a daily circulation of 95,000. Terms of the deal, which is expected to close in March, weren't disclosed.
FROM TULSA WORLD AND WIRE REPORTS Modified: February 25, 2013 at 7:36 pm •  Published: February 26, 2013

Newspapers are still a relatively small part of Berkshire Hathaway, which owns an assortment of more than 80 subsidiaries and holds major stakes in companies like Coca-Cola Co., Wells Fargo and IBM.

Negotiations on the newspaper's sale have been taking place for a couple of months, said Kroeger, who added that the newspaper's name and downtown headquarters won't be changing.

“The Tulsa World (name) is a big piece of what we're buying,” Kroeger said.

Larry King, BH Media Group vice president for news and content, told a gathering of Tulsa World editors that news decisions will continue to be made locally.

“When it comes to news, you're not going to hear from me,” King said. “I just want to assure you that there's no one from Omaha looking down your throats and trying to tell you how to cover Tulsa.”

King said the Tulsa World's content-sharing agreement with The Oklahoman will likely continue and that content-sharing options with other BH Media Group newspapers likely will develop.

King said BH Media Group remains bullish on the newspaper industry.

“I don't think I'm telling any secrets, but there'll be more (purchases) to come,” he said.