Buffett’s Berkshire to buy most Media General newspapers, but not Tampa Tribune

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Warren Buffett’s Berkshire Hathaway Inc. agreed to buy 63 daily and weekly newspapers owned by Media General Inc. for $142 million. This move is Berkshire’s second in six months to expand into the depressed newspaper market.The purchase, however, does not include the Tampa Tribune. Media General said it is in discussions with other prospective buyers for its Tampa print assets. Press release is here.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.