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Landmark Media Enterprises, owner of The Bedford Bulletin, announced that it sold The Roanoke Times to Warren Buffett’s BH Media Group on Friday.
The sale has no effect on operations of the Bulletin. The newspaper will continue to be printed at The Roanoke Times’ plant, as it has been since 2005.
The Bulletin will continue to be operated by Landmark Community Newspapers.
The Roanoke Times acquisition was announced Thursday at an employee meeting by Landmark Chairman and CEO Frank Batten Jr. Landmark had owned The Roanoke Times since 1969.
Terry Jamerson, a vice president of BH Media and publisher of the Lynchburg News and Advance, was named publisher of The Roanoke Times. She replaces Debbie Meade, who retired after serving as publisher since 2007.
The sale price was not disclosed. The purchase was debt-free, and indications are that BH Media does not intend to resell the paper, Batten said.
BH Media has bought more than a dozen newspapers in Virginia and other states in recent years. In January it acquired the Greensboro (N.C.) News & Record from Landmark.
“Of the people who are buying newspapers now, I think Berkshire is the best home for The Roanoke Times,” Batten said. “They are a reputable company, and have good ethical standards.”
Batten said he could not comment on how operations at the Roanoke daily may change, saying that is a question for the new owners. But he did express optimism for the newspaper’s future.
BH Media Group, with headquarters in Omaha, is a wholly-owned subsidiary of Berkshire Hathaway Company. BH Media owns 29 daily newspapers and related weekly papers in Nebraska, Iowa, Texas, Oklahoma, Virginia, North Carolina, South Carolina, Alabama and Florida.