(BRK.A), (BRK.B)
Berkshire Hathaway’s media company, BH Media, is investing $10 million to expand its existing facility in Winston-Salem, North Carolina.
The 12,000-square-foot expansion includes a new building next to its current facility that will house a new press.
When the project is completed, the new press will print papers covering Morganton, Marion, Statesville, Hickory, Mooresville, Concord and Rockingham County.
BH Media publishes 31 daily newspapers and websites, and a number of associated weekly publications.
BH Media also owns operates WPLG, an ABC television affiliate in Miami.
© 2017 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.