Berkshire Hathaway owns dozens of daily and weekly newspapers, and Warren Buffett has said he underestimated how quickly they would decline.

Now Berkshire is outsourcing management of those papers to Lee Enterprises:
wsj.com/articles/lee-e… $BRKB $LEE Some more tidbits about this deal:

BH Media CEO Terry Kroeger is expected to leave Berkshire after a short transition period.

Each side will have a relationship manager: Kevin Mowbray at Lee and Ted Weschler at Berkshire.