Warren Buffett’s firm is buying, thought its target isn’t much of a surprise.

Buffett’s Berkshire Hathaway has exercised the warrants it obtained back in May on Media General Inc. shares, according to Bloomberg. Berkshire is acquiring 4.65 million shares of Media General’s common stock for 1 cent a share, and now owns about 17% of Media General’s outstanding shares.

Buffett and Berkshire secured the warrants back in May, in a deal in which Berkshire gave Media General a $400 million term loan with an interest rate of 10.5%, and paid $142 million for the Richmond Times-Dispatch and other Media General newspapers, Bloomberg states.