From CNBC's Warren Buffett Watch:
The secret is out.
Warren Buffett's Berkshire Hathaway held over 1.6 million shares of Lee Enterprises, about 3.2 percent of its outstanding shares, as of March 31, according to a filing with the SEC late today. On that date the stake was worth $2.1 million. The total market value of the company is around $60 million.The stock is soaring in after-hours trading, up $0.29 to $1.44 as of 4:40p ET. That's an increase of more than 25 percent.The Lee stake is tiny by Berkshire standards, but its particularly interesting because Buffett's company had wanted to keep it secret....MORE