BREAKING: Warren Buffett Buys WPLG!
Billionaire Warren Buffet’s iconic company Berkshire Hathaway will trade 1.6 million shares of Graham Holdings stock in exchange for WPLG, according to a report from Deadline
It’s been known for a while that Buffett wants to exit Graham Holdings, formerly known as the Washington Post Co., who are left with only their TV stations and a business in the education sector. Buffett will allegedly get WPLG plus an unspecified amount of cash.
The Washington Post company bought WPLG in 1969 and changed its call letters to WPLG in memory of Phillip L. Graham, the husband of Washington Post publisher Katherine Graham.