The Omaha World-Herald has a new managing company. Lee Enterprises, which owns the Lincoln Journal Star, will begin managing Berkshire Hathaway's newspaper and digital operations in 30 markets.
"Although the challenges in publishing are clear, I believe we can benefit by joining efforts," Berkshire chairman Warren Buffett said.
Additionally, BH Media CEO and chairman Terry Kroeger is stepping down after 33 years at the World-Herald. Lee could also make other changes to the OWH's management.
The agreement is for five years and begins July 2.
