Berkshire Hathaway’s acquisition of Post-Newsweek’s ABC affiliate in Miami is part of a larger $1.2 billion deal involving a stock swap between Berkshire Hathaway and Post-Newsweek parent Graham Holdings and some cash. The deal values WPLG at $364 million. Post-Newsweek President Emily Barr reassures employees that the group’s other five stations are not for sale .”When you are asked (and you will undoubtedly be asked) if Post-Newsweek Stations is for sale, you can emphatically state we are not,” she says.
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