Berkshire Hathaway agreed with Graham Holdings to buy...

March 13, 2014 |Broadcast

Berkshire Hathaway agreed with Graham Holdings to buy a wholly owned subsidiary of Graham that includes WPLG Miami, Berkshire shares held by Graham, and cash, in exchange for 1.6 million shares of Graham stock currently owned by Berkshire, said the media company in a news release Wednesday (http://tinyurl.com/lp9c95b). Berkshire CEO Warren Buffett said the deal would be mutually beneficial and “greatly reduce” Berkshire’s position in Graham. That company now owns cable systems, Web and other assets, after selling the Washington Post to Amazon.com CEO Jeff Bezos.