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Media General Announces Agreements with Berkshire Hathaway for Purchase of Newspapers and New Financing (MarketWatch)
Media General, Inc. today announced that it has signed agreements with Berkshire Hathaway, Inc., for the purchase of newspapers and new financing. JimRomenesko.com Warren Buffett's Berkshire Hathaway is buying Media General's newspapers for $142 million in cash. The Tampa Tribune isn't included in the deal.

Japan's Rakuten Wins the Heart of Pinterest in $100M Funding Race With $1.5B Valuation (AllThingsD)
Rakuten, the largest e-commerce site in Japan, is expected to be the lead investor in the much-contested next round of funding for Silicon Valley's hottest start-up, Pinterest. The funding is expected to be announced tomorrow morning. WSJ Pinterest was last valued at $200 million in a funding round late last year.

Pharrell Launches Social Media Platform for Artists (SocialTimes)
Pharrell, the singer and drummer of hip-hop group N.E.R.D., is launching a new social media project called "i am Other", which, judging by the introduction video, is a social network dedicated by being different. It seems like it will be focused on giving a younger generation of really different people an opportunity to rise and show off their talent.

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