Warren Buffett is expanding his newspaper empire, with the purchase of a small Texas daily.
Buffett's Berkshire Hathaway Inc has agreed to buy the Bryan-College Station Eagle in Texas from the Evening Post Publishing Co for an undisclosed sum, according to the Omaha World-Herald. The 123-year-old Eagle has a circulation of 20,000.
Buffett has been on a shopping spree of late, picking up most of Media General Inc's newspapers and investing in chains like Lee Enterprises Inc .
He stands out for his enthusiasm for small- and medium-sized community-based papers at a time when most investors and companies are heading for the exits.
Freedom Communications sold its remaining newspapers, including the Orange County Register, to a group lead by Massachusetts businessman Aaron Kushner.
The New York Times Co divested its the group of newspapers scattered throughout the U.S. Southeast and California earlier this year.
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Berkshire also owns the Buffalo News, the Omaha World-Herald Co and a stake in the Washington Post Co.