Post-Dispatch parent makes $140M acquisition

Lee Enterprises, the parent company of the St. Louis Post-Dispatch, announced Wednesday that it has purchased Berkshire Hathaway's BH Media Group for $140 million. BH Media owns 30 daily newspapers as well as more than 49 paid weekly publications with digital sites and 32 other print products. Davenport, Iowa-based Lee owns 46 daily newspapers and a joint interest in two others, plus digital products and nearly 300 specialty publications in 21 states. In addition to the Post-Dispatch, its portfolio…