The Enid News and Eagle, Enid, OK

State, national, world

February 25, 2013

BH Media Group to buy Tulsa World from Lorton family

ENID, Okla. — Omaha-based BH Media Group announced today is will purchase the Tulsa World from the Lorton family.

The announcement was posted on the newspaper’s website, which serves Tulsa County and the surrounding area in northeast Oklahoma and into Arkansas. The Tulsa World is a 95,000 daily and 133,000 circulation Sunday newspaper.

Robert E. Lorton Jr., chairman of World Publishing Company, said his family has been associated with the paper since his grandfather went to Tulsa in 1911.

“During these more than 100 years, I believe there has been a symbiotic relationship between the World and Tulsa. Today, the Lorton family passes along that community relationship to Berkshire Hathaway’s BH Media Group, a company with a strong commitment to local news and community engagement,” Lorton said.

BH Media Group, headquartered in Omaha, is a wholly owned subsidiary of Berkshire Hathaway Company (NYSE: BRK.A and BRK.B). BH Media Group owns 28 daily newspapers and related weekly newspapers in Nebraska, Iowa, Texas, Oklahoma, Virginia, North Carolina, South Carolina, Alabama and Florida.

Investor Warren Buffett is the company’s chairman and CEO.

The sale is expected to close in March. Terms of the transaction were not disclosed, according to www.tulsaworld.com.

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