Warren Buffett's media group to buy Roanoke, Va., newspaper

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Posted: Thursday, May 30, 2013 12:00 am

The Roanoke (Va.) Times will become part of Warren Buffett's newspaper group.

BH Media Group, an Omaha-based division of Berkshire Hathaway Inc., said Thursday that it would purchase The Times from Landmark Media Enterprises of Norfolk, Va., for an undisclosed price. Earlier, BH Media purchased a daily newspaper in Greensboro, N.C., from Landmark.

The Roanoke Times circulates about 90,000 copies on Sundays and 76,000 the other days of the week and has about 300 employees. The newspaper, which also operates Roanoke.com, was founded in 1889 and has been owned by Landmark since 1969.

Today's Roanoke Times front page

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Terry Jamerson, a vice president with BH Media, will move to Roanoke and add the duties of publisher of The Times, the Omaha company said. Debbie Meade, president and publisher of The Times, is retiring.

Jamerson has been publisher of the Lynchburg (Va.) News and Advance. BH Media named Tony Stophel as interim publisher for Lynchburg, where he has been circulation and production manager.

The Roanoke Times will be the 29th daily newspaper owned by BH Media, which also owns 40 newspapers published once, twice or three times a week, plus shoppers, monthly publications and regional magazines and related online publications.

Buffett, chairman and CEO of Berkshire, has been assembling a network of small and medium-sized newspapers since he bought The World-Herald in December 2011.

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.”

Jamerson said she and others at BH Media are “excited to become associated with a newspaper that consistently delivers quality news and information.”

Terry Kroeger, CEO of BH Media and publisher of The World-Herald, called The Times “a great fit with our newspapers in Virginia.”

Roanoke, with a metro area of about 300,000 people, is the business and medical hub for southwestern Virginia and the closest large community to Virginia Tech University, 40 miles away in Blacksburg.

The Omaha World-Herald is owned by Berkshire Hathaway Inc.

Contact the writer:

402-444-1080, steve.jordon@owh.com, twitter.com/buffettOWH

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Slideshow: Front pages of BH Media's daily papers

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