Warren Buffett’s Berkshire Hathaway invests in The Unique York Times

OMAHA, Neb. (AP) — Six years after Warren Buffett bought off all of Berkshire Hathaway’s newspapers and predicted never-ending declines for loads of the commerce, Berkshire disclosed a brand new $350 million investment in The Unique York Times on Tuesday.

The a bit monstrous depart highlighted the quarterly update Berkshire filed with the Securities and Alternate Commission in regards to the firm’s stock holdings in Buffett’s final quarter as CEO. Berkshire additionally elevated its investment in Chevron factual sooner than President Donald Trump ordered the arrest of Venezuela’s president, and the Omaha-essentially essentially essentially based firm persevered selling off more of its Bank of The US and Apple shares.

On the time Buffett bought off Berkshire’s dozens of newspapers in 2020 he concluded the commerce was “toast.” But even then he quick that newspapers with a nationwide trace like the Times or The Wall Avenue Journal might presumably presumably peaceful assemble neatly.

“It’s a elephantine circle 2d for Berkshire Hathaway in reinvesting in news and an huge vote of self perception by Berkshire within the commerce approach of The Unique York Times,” acknowledged Tim Franklin, a professor and chair of native news at Northwestern College’s Medill Faculty of Journalism.

Franklin acknowledged the Times will likely be pleased its roots within the newspaper commerce, but nowadays it’s a thriving digital commerce with neatly-liked video games like Wordle, a neatly-identified sports platform called The Athletic and greater than 12 million digital subscribers. He acknowledged presumably struggling native newspapers can design some classes from the “digital news powerhouse” the Times has become and procure ways to give online video games and showcase the native sports coverage that readers can’t rep in other locations.

These quarterly stock portfolio filings don’t produce certain whether or no longer Buffett made every depart or whether or no longer no doubt one of Berkshire’s other investment managers did. Buffett most often handled any investments price greater than $1 billion, so at the dimensions of this Times investment it’s no longer certain whether or no longer this was no doubt one of his bets.

But many investors will peaceful are attempting to reproduction it thanks to Buffett’s unparalleled track file over the a protracted time sooner than he handed the CEO title over to Greg Abel in January after six a protracted time of main Berkshire. Shares of the Times jumped with regards to 3% in after hours procuring and selling after Berkshire disclosed the stake.

Berkshire additionally picked up about 8 million more Chevron shares within the quarter to give it greater than 130 million shares within the oil huge. That was a namely neatly-timed bet on legend of Chevron’s stock has soared since Trump promised to reinvigorate Venezuela’s oil commerce, but Buffett has lengthy been bullish in regards to the oil commerce and Berkshire has been a valuable investor in Chevron and Occidental Petroleum for several years.

Chevron is the suitable significant American oil firm with valuable operations in Venezuela, where it produces about 250,000 barrels a day. Chevron, which first invested in Venezuela within the 1920s, does commerce within the nation thru joint ventures with the command-owned firm Petróleos de Venezuela S.A., most often called PDVSA. Chevron’s stock is up with regards to 19% on legend of the delivery of 2026 factual sooner than the U.S. captured Venezuela’s President Nicolás Maduro in a raid

The other notable strikes Berkshire made within the final three months of 2025 integrated selling off roughly 50 million Bank of The US shares although it peaceful holds with regards to 81 million shares of the monetary institution that he first started procuring for in 2011 whereas Bank of The US was combating the results of the subprime mortgage disaster. And Berkshire trimmed about 10 million shares off its massive Apple stake but persevered to reduction with regards to 228 million shares at the cease of final yr.

Along with shares, Berkshire owns dozens of companies outright in conjunction with insurance coverage giants like Geico, a chain of significant utilities, BNSF railroad and a big selection of manufacturing and retail companies with manufacturers like Dairy Queen and Glimpse’s Sweet.