Warren Buffett News: Opening Ceremony, Berkshire Hathaway Inc. (BRK.A) & More

Florence publisher to leave newspaper for NJ job (IslandPacket)
The publisher of the Morning News of Florence is leaving to run The Press of Atlantic City in New Jersey. Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) bought the New Jersey newspaper and will move Florence publisher Mark Blum into his new role at the newspaper when the sale closes in August. Blum was controller of The Press from 1989 to 1993. Berkshire Hathaway Inc. (NYSE:BRK.A) also owns the Morning News and 29 other newspapers across the country. The Morning News announced in June that Tucker Mitchell, the newspaper’s regional editor in charge of the newspaper and several nearby publications, was leaving to become executive director for public affairs at Francis Marion University.

A Buffett Fortune Fades in Brooklyn (WSJ)
As early investors with Warren Buffett, Donald and Mildred Othmer quietly amassed a fortune that they believed would sustain their favorite charities for generations. Among those organizations: Long Island College Hospital in Brooklyn, N.Y., for which the Othmers created a $135 million endowment in the 1990s, “to be held in perpetuity,” according to their wills. Less than 20 years later, much of their gift is gone. And the hospital’s owners have been cleared by state regulators to close the money-losing nonprofit, which has sparked protests because the 155-year-old facility was one of Brooklyn’s largest private employers.

The Easy Guide to Berkshire Hathaway’s Expected Returns (Fool)
Berkshire Hathaway Inc. (NYSE:BRK.A) can be hard to value. It’s a conglomeration of 55 separate wholly owned subsidiaries and dozens of stock, bond, and derivative investments. The guy steering the ship — Warren Buffett — happens to be as mortal as he is talented, making his value tough to calculate. But here’s what we know. Berkshire Hathaway Inc. (NYSE:BRK.A)’s future returns will equal its growth in book value per share — plus or minus the change in its valuation multiple. That’s just the mathematical certainty of it. Berkshire Hathaway Inc. (NYSE:BRK.A)’s A-shares currently trade at $177,225 per share (B-shares trade for 1/1,500th that amount).