So long, Broken Arrow Ledger.
Berkshire Hathaway and Tulsa World Media Company have shut down publication of Broken Arrow’s only weekly newspaper for financial reasons.
Broken Arrow, a city of more than 100,000 residents, now has no weekly newspaper.
Berkshire Hathaway, controlled by billionaire Warren Buffett of Omaha, Nebraska, purchased the Ledger in 2015 along with the Skiatook Journal, the Tulsa Business and Legal News, the Sand Springs Leader, the Owasso Reporter, the Coweta American and the Wagoner Tribune.
You have to wonder which one of those community papers will be the next to close.
The company bought the cluster of weekly newspapers even though some were losing money. With the purchase, Tulsa World Media Company had control of virtually every newspaper in the metro area – except the Tulsa Beacon, which is owned by Charles and Susan Biggs.
When the Broken Arrow Ledger was owned by Neighbor Newspapers, it was a daily paper with paid circulation. Then it was sold to a small chain of newspapers. They turned it into a free newspaper and stopped daily publication.
While Broken Arrow saw tremendous growth in population and retail business, the local newspaper declined precipitously. Generally, out-of-state ownership of media can’t match the passion or success of local ownership.
Given the state of the newspaper industry nationwide and the lack of support by retailers for print advertising, it is doubtful Broken Arrow will get another paper to replace the Ledger.