Warren Buffett Picks Up Another Newspaper

BH Media Group Acquires The Roanoke Times from Landmark Media Enterprises

ROANOKE, VA – May 30, 2013 – BH Media Group, a subsidiary of Berkshire Hathaway, will purchase The Roanoke Times from Landmark Media Enterprises on Friday.
Dirks, Van Essen & Murray, a newspaper merger and acquisition firm in Santa Fe, New Mexico, represented Landmark Media Enterprises in the transaction.  Terms were not disclosed.

The acquisition was announced today at an employee meeting by Landmark Chairman and CEO Frank Batten Jr.  Landmark has owned the 76,000-circulation daily since 1969.

Terry Jamerson, a vice president of BH Media and publisher of the Lynchburg News and Advance, has been named publisher of The Roanoke Times, according to a news release from BH Media.  Jamerson replaces Debbie Meade, who has been the Times’ publisher since 2007.

“I’m looking forward to working with the team at The Roanoke Times, which is truly one of Virginia’s outstanding newspapers and digital enterprises.  All of us at BH Media are excited to become associated with a newspaper that consistently delivers quality news and information for the greater Roanoke area,” Jamerson said.

“We’re delighted to have The Roanoke Times join our growing family of newspapers,” said Terry Kroeger, CEO of BH Media Group.  “The Times is a great fit with our newspapers in Virginia, and we welcome the Roanoke employees into the BH Media family.”

Michael Abernathy, president of Landmark’s publishing division, said in a press release that Landmark was “pleased that The Times will be joining a company such as BH Media that is committed to the future of newspapers.”

BH Media group, headquartered in Omaha, is a wholly owned subsidiary of Berkshire Hathaway Company.  BH Media owns 29 daily newspapers and related weekly papers in Nebraska, Iowa, Texas, Oklahoma, Virginia, North Carolina, South Carolina, Alabama and Florida.

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Author: montanaoilreport

After my first job at a newspaper -- delivering papers for the Jackson (TN) Sun, ink was in my veins. Since the 1970's I've worked in every area of the Printing and Publishing industry, with most of that time spent in the pressroom. In 2008 I moved to Montana and purchased the Sun Times of Fairfield (fairfieldsuntimes.com). In 2011 I realized that most media outlets were either ignoring, or attacking, the growing oil and gas industry in Montana, so I started the Montana Oil Report as the source of information on this important industry.

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