After acquiring The Bend Bulletin in 1953, he slowly expanded his newspaper holdings.
He said Mr. Black might now seek to expand his American newspaper holdings.
There have even been calls that Murdoch should be forced to divest some of his Australian newspaper holdings.
Hollinger's newspaper holdings include a big British paper, The Daily Telegraph.
UCC's newspaper holdings include three daily newspapers and their associated weeklies:
But in 2005, its gains declined a little less than 1 percent, largely because of the newspaper holdings.
A 1969 federal tax law requiring non-profits to sell newspaper holdings eventually required the sale of the paper.
Mr. Buffett, who has substantial newspaper holdings, said the advertising and readership that once provided the industry's economic foundation was withering.
Today, the paper is owned by Western Communications, a publishing company with newspaper holdings in Oregon and California.
In 2008, Cox put the Statesman up for sale with most of its other newspaper holdings in order to pay down debt.