> Warren Buffett Blog: Warren Buffett buys his first TV Station

Monday, March 17, 2014

Warren Buffett buys his first TV Station

Warren Buffett's Berkshire Hathaway has agreed to acquire Miami's WPLG from Graham Holdings as a part of a $1.1 billion swap with the company formerly known was the Washington Post Co. WPLG is one of South Florida's top-rated TV stations. The deal requires approval by the Federal Communications Commission.

Under terms of the deal, Berkshire will hand 1.6 million shares of Graham Holdings back to the company.