Berkshire Buys $350 Million Stake In The New York Times
Berkshire disclosed a $350 million stake in the New York Times in an SEC filing for Buffett's final quarter, while shifting Chevron, Apple and Bank of America holdings.
Overview
Berkshire Hathaway disclosed a new $350 million investment in the New York Times on Tuesday, according to its quarterly SEC filing.
The purchase comes five years after Buffett sold Berkshire's newspapers in 2020 and was reported as part of his final quarter as CEO.
Tim Franklin called the move "a full circle moment," and the filings did not make clear whether Buffett or other Berkshire managers executed the trades.
Berkshire also added about 8 million shares of Chevron and continued selling down Apple and Bank of America holdings, including roughly 50 million Bank of America shares.
Buffett handed the CEO title to Greg Abel in January, and Berkshire has been net sellers of stocks for 12 straight quarters.
Analysis
Center-leaning sources frame Buffett's moves as a twilight-era transition, using editorial labels ('legendary', 'famed', 'iconic') and evaluative verbs ('pared', 'offloaded', 'struggled'), while privileging last-quarter timing, sell-offs and manager exits. These editorial choices contrast with source content (transaction figures and stake sizes), creating a legacy-versus-retrenchment narrative.
Sources (4)
FAQ
Berkshire Hathaway disclosed owning about 5.07 million shares of The New York Times, valued at approximately $350-352 million as of December 31, 2025.
It marks a return to media investing five or six years after Buffett sold Berkshire's newspapers in 2020, declaring the industry 'toast,' but recognizing national brands like the New York Times may succeed via digital subscriptions.
SEC filings do not specify whether Warren Buffett or other Berkshire investment managers executed the trade; Buffett typically handled investments over $1 billion.
Berkshire added about 8 million Chevron shares, sold roughly 50 million Bank of America shares, reduced Apple holdings, and slashed its Amazon stake by 77%.
Shares of The New York Times jumped nearly 3% in after-hours trading following the Berkshire stake disclosure.
History
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