Updated from 1:46 p.m. EDT
Here's what you need to know now.
Newspaper publishers just send a cease and desist letter to Lexis Nexis.
Tribune Media, TV station operator Tenga Inc. and newspaper group McClatchy Co. are also owners and will retain a minority stake in the portal.
The famed value investor offers an ominous forecast for U.S. newspapers, predicting that only The New York Times and The Wall Street Journal are likely to survive the digital revolution.