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. Last Updated: 07/27/2016

Newspaper Merger?

NEW YORK -- Influential investor Michael Price has drawn up admittedly sketchy plans for a merger between struggling Dow Jones and Co. and The Washington Post Co., a published report says.

Price has told Elisabeth Goth, an heiress of the Bancroft family that controls the publisher of The Wall Street Journal, about the plan but has not told the companies' top executives, Fortune magazine said in its Nov. 10 issue.

The scenario includes Warren Buffett's investment firm Berkshire Hathaway Inc., a big Washington Post shareholder, contributing its Buffalo News newspaper and $500 million in cash to the merged company.