More Details Offered on Tulsa World’s Sale, Future
Tulsa World to be sold to Warren Buffett’s BH Media Group
BY WAYNE GREENE World Senior Writer
Tuesday, February 26, 2013
Warren Buffett’s BH Media Group is buying the Tulsa World for an undisclosed price.
World Publishing Co. Chairman Robert E. Lorton announced the sale in a meeting with newspaper employees Monday morning.
“This has not been an easy decision, as you can imagine, after more than 100 years for the Lortons, but for our employees – you all – for the Tulsa World and for the Tulsa community, we believe – and have decided – this is the best path to the future,” Lorton said.
Robert E. Lorton III, the company’s CEO and the newspaper’s publisher, will leave the newspaper and will be succeeded as publisher by John R. Bair, previously the company’s president and chief operating officer.