Berkshire Hathaway Acquires $351.7M NYT Stake

Warren Buffett's Berkshire Hathaway disclosed a significant new investment in The New York Times Company, acquiring 5.07 million shares valued at $351.7 million during the final quarter of 2025. The move, revealed in a regulatory filing on February 17, marks Buffett's return to the media sector just months before he stepped down as the conglomerate's chief executive on January 1, 2026, handing leadership to successor Greg Abel.

The investment represents a notable shift for Buffett, who had exited the newspaper business five years earlier. In 2020, Berkshire sold its portfolio of 31 daily newspapers, including the Omaha World-Herald and The Buffalo News, to Lee Enterprises for $140 million. At the time, Buffett expressed pessimism about the industry's future, citing a sharp decline in advertising revenue that had eroded local monopolies into fierce competition. He described most newspapers as facing an uncertain path forward, a view that influenced investors to see the sale as a sign of deeper challenges in print media.

This latest stake in the 175-year-old New York Times comes amid Berkshire's broader portfolio adjustments in the October-to-December period. The company trimmed...