This company brings the world of news to the Great Plains. Omaha World-Herald Company publishes a number of daily newspapers in Iowa and Nebraska. It flagship Omaha World-Herald (Nebraska) boasts a circulation of more than 160,000. Its other papers include the Ames Tribune (Iowa), Grand Island Independent (Nebraska), and Scottsbluff Star-Herald (Nebraska). In addition, Omaha World-Herald Company operates more than 20 non-daily community papers, online local news sites, and direct marketing unit World Marketing. The Omaha World-Herald Company was acquired by billionaire Warren Buffett's investment firm, Berkshire Hathaway in 2012.
Founded in 1885 by Gilbert M. Hitchcock (the paper's first editor), Omaha World-Herald is the largest employee-owned daily newspaper publisher in the country. The company's purchase by Buffett's reputable investment firm maintains its vision for being managed by local ownership.
Before the deal, declining ad revenue had forced Omaha World-Herald to focus on a variety of cost cutting measures, such as staff reductions at some of its publications. The company also shuttered the print edition of its Daily Nonpareil (Council Bluffs, Iowa) in 2009.
Berkshire Hathaway's also has a stake in the Washington Post Company. – less