Warren Buffett’s firm invests in Contemporary York Times six years after selling newspapers
OMAHA, Neb. — 5 years after Warren Buffett sold off all of Berkshire Hathaway’s newspapers and predicted endless declines for a wonderful deal of of the industry, Berkshire disclosed a fresh $350 million funding in the Contemporary York Times on Tuesday.
The somewhat surprising hasten highlighted the quarterly substitute Berkshire filed with the Securities and Change Commission about the firm’s stock holdings in Buffett’s final quarter as CEO. Berkshire additionally increased its funding in Chevron ethical sooner than President Donald Trump ordered the arrest of Venezuela’s president, and the Omaha-based mostly firm continued selling off more of its Bank of The United States and Apple shares.
On the time that Buffett sold off Berkshire’s dozens of newspapers in 2020 he concluded the industry used to be “toast.” But even then he beneficial that newspapers with a nationwide tag enjoy the Times or Wall Avenue Journal might perhaps presumably peaceful attain neatly.
“It’s a corpulent circle moment for Berkshire Hathaway in reinvesting in knowledge and a astronomical vote of self perception by Berkshire in the commercial capability of the Contemporary York Times,” mentioned Tim Franklin, a professor and chair of local knowledge at Northwestern College’s Medill College of Journalism.
Franklin mentioned the Times might perhaps presumably need its roots in the newspaper commercial, but on the present time it is miles a thriving digital commercial with long-established games enjoy Wordle, a neatly identified sports activities platform called The Athletic and more than 12 million digital subscribers. He mentioned presumably struggling local newspapers can design some lessons from the “digital knowledge powerhouse” the Times has become and procure ways to provide on-line games and showcase the local sports activities protection that readers can’t accept in other locations.
These quarterly stock portfolio filings don’t perform certain whether Buffett made every hasten or whether one among Berkshire’s varied funding managers did. Buffett typically handled any investments value more than $1 billion, so on the scale of this Times funding it is no longer certain whether this used to be one among his bets.
Standard Reads
But many investors will peaceful strive and duplicate it thanks to Buffett’s great song chronicle 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 nearly 3% in after hours procuring and selling after Berkshire disclosed the stake.
Berkshire additionally picked up about 8 million more Chevron shares in the quarter to present it more than 130 million shares in the oil monumental. That used to be an extraordinarily neatly-times wager because Chevron’s stock has soared since Trump promised to reinvigorate Venezuela’s oil commercial, but Buffett has long been bullish about the oil commercial and Berkshire has been a predominant investor in Chevron and Occidental Petroleum for several years.
Chevron is the one predominant American oil firm with vital operations in Venezuela, where it produces about 250,000 barrels a day. Chevron, which first invested in Venezuela in the 1920s, does commercial in the country through joint ventures with the convey-owned firm Petróleos de Venezuela S.A., most incessantly identified as PDVSA. Chevron’s stock is up nearly 19% since the launch of 2026 ethical sooner than the U.S. captured Venezuela’s President Nicolás Maduro in a raid
The assorted necessary strikes Berkshire made in the final three months of 2025 integrated selling off roughly 50 million Bank of The United States shares despite the indisputable truth that it peaceful holds nearly 81 million shares of the monetary institution that he first began procuring in 2011 while Bank of The United States used to be combating the implications of the subprime mortgage crisis. And Berkshire trimmed about 10 million shares off its massive Apple stake but continued to take care of nearly 228 million shares on the pause of final 365 days.
As well to to shares, Berkshire owns dozens of corporations outright including insurance protection giants enjoy Geico, a series of predominant utilities, BNSF railroad and a wonderful deal of manufacturing and retail corporations with manufacturers enjoy Dairy Queen and Survey’s Candy.
