Berkshire Hathaway Purchases WPLG-Channel 10

It’s official! WPLG Channel 10 has a brand-new owner. Warren Buffett, owner of the investment conglomerate Berkshire Hathaway, along with Graham Holdings Co., reported today that they have completed selling the Miami area TV station as well as other Graham Holdings assets. The assets and TV station now belong to Berkshire Hathaway. This deal was …

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Media General Stock Rises 34% on News of Young Merger

Media General Inc. is a TV broadcasting company currently backed by Warren Buffett and Mario Gabelli. The company agreed to merge with New Young Broadcasting Holding Co., and shares of the stock rose by a whopping 34%. This stock deal places an $870 million value on both companies. Media General is the current owner of …

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