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News Breaks | | | | June 25, 2012 | | 13:32 EDT |  | MEG, BRK.A | Media General completes sale of newspapers to Berkshire Hathaway
Media General (MEG) completed the previously announced sale of 63 daily and weekly newspapers to World Media Enterprises, a subsidiary of Berkshire Hathaway (BRK.A), for $142m in cash, subject to adjustment for working capital and other items. For Q2, Media General expects Political revenue of more than $7M. Expects FY12 Political revenue to be in the high end of previously announced range of $40M-$45M. | |
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