Buffett’s Firm To Close D.C.-Area Newspaper, Cost Jobs Of 105 Employees
OMAHA, Neb. (AP) — Warren Buffett’s company is planning to close a small Virginia newspaper that it bought from Media General earlier this year.
The 10,000-circulation Manassas (Va.) News & Messenger, which began publishing in 1869, has been struggling to compete in the Washington D.C. suburbs. It will print its last issue on Dec. 30.
Buffett’s Berkshire Hathaway Inc. says it has no plans to close any of its other newspapers.
The Manassas closing will eliminate 33 jobs. An additional 72 corporate positions that Berkshire acquired with the Media General deal will be eliminated.
The Omaha World-Herald reported the closure on Wednesday. Officials at Berkshire’s newspaper unit, which is run by the World-Herald, did not immediately respond to a message.
Buffett did not immediately respond to a message sent to his assistant Wednesday.
(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)