Buffett's company invests in New York Times six years after he sold all of his newspapers

OMAHA, Neb. (AP) — Six years after Warren Buffett sold off all of
Berkshire Hathaway’s newspapers and predicted unending declines for most
of the industry, Berkshire disclosed a new $350 million investment in
The New York Times on Tuesday. 

The somewhat surprising move highlighted the quarterly update Berkshire
filed with the Securities and Exchange Commission about the company’s
stock holdings in Buffett’s last quarter as CEO. Berkshire also
increased its investment in Chevron just before President Donald Trump
ordered the arrest of Venezuela’s president, and the Omaha-based company
continued selling off more of its Bank of America and Apple shares. 

At the time Buffett sold off Berkshire’s dozens of newspapers in 2020 he
concluded the industry was “toast.” But even then he suggested that
newspapers with a national brand like the Times or The Wall Street
Journal might still do well. 

“It’s a full circle moment for Berkshire Hathaway in reinvesting in news
and a huge vote of confidence by Berkshire in the business strategy of
The New York Times,” said Tim Franklin, a professor and chair of local
news at Northwestern University’s Medill School of Journalism. 

Franklin said the Times may have its roots in the newspaper business,
but today it’s a thriving digital business with more than 12 million
digital subscribers. 

https://www.vindy.com/news/business-news/2026/02/buffetts-company-invests
-in-new-york-times-six-years-after-he-sold-all-of-his-newspapers/