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ENTITY
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Sun Newspapers
Sun Newspapers was Berkshire Hathaway's initial entry into the publishing business, acquired in early 1969.
📝 Details
- Scope: A publisher of five weekly newspapers in the Omaha, Nebraska area.
- Manager: Led by Stanford Lipsey.
- Related Assets: The purchase also included Blacker Printing Company.
- Context: While a small portion of Berkshire's capital, it represented a strategic move to build a "diversified base of earning power."
🔗 Connections
- Source: 1970 Letter (mentions 1969 acquisition)
- Manager: Stanford Lipsey
📚 Historical Mentions & Citations (2)
Click a reference document below to expand and read the exact paragraph(s) containing this concept in the archive.
📜1968 LetterExcerpt Available▼
1968 LetterExcerpt Available
Immediately after year end, we purchased all of the stock of Sun Newspapers, Inc. and Blacker Printing Company, Inc., which represents an initial entry into the publishing business. This purchase involved only a small portion of our funds available for acquisition. Sun Newspapers, Inc. publishes five weekly newspapers in the Omaha, Nebraska area, with paid circulation of about 50,000. A related printing business is conducted by Blacker Printing Company, Inc. This purchase, while small, has potential for future expansion. The operations will continue under the able management of Stanford Lipsey.
📜1973 LetterExcerpt Available▼
1973 LetterExcerpt Available
Sun Newspapers, Inc.
In the 1969 annual report we commented on the purchase of Sun Newspapers Inc., a group of weekly papers published in the metropolitan Omaha area. Since that time we have not commented on their operations in the text of our annual reports, nor have we consolidated their financial results since the operation, because of the small investment involved, has been “financially insignificant.”