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Berkshire Hathaway Invests $351.7M in New York Times

2/18/2026

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Summary

Berkshire Reinvests in Media

Berkshire Hathaway reentered media with a $351.7 million investment in The New York Times, per SEC filing.
The move marks a shift from Warren Buffett's stance after Berkshire sold newspaper in 2020.
Greg Abel has become Berkshire Hathaway's CEO.
The New York Times Company's shares rose 4% on the news.
Analysts note Berkshire Hathaway maintains a cautious valuation approach and has not made major acquisitions in the past decade.

History

Historical Context

In January 2020, Berkshire Hathaway sold its BH Media Group, including The Buffalo News, to Lee Enterprises for $140 million, marking a significant shift in Warren Buffett's media strategy. This sale followed years of declining newspaper revenues and circulation, as Buffett acknowledged the industry's challenges. The deal also included a $576 million financing arrangement, positioning Berkshire as Lee's sole lender.

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Berkshire Reinvests in Media

Berkshire Hathaway reentered media with a $351.7 million investment in The New York Times, per SEC filing.
The move marks a shift from Warren Buffett's stance after Berkshire sold newspaper in 2020.
Greg Abel has become Berkshire Hathaway's CEO.
The New York Times Company's shares rose 4% on the news.
Analysts note Berkshire Hathaway maintains a cautious valuation approach and has not made major acquisitions in the past decade.

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