"Berkshire Hathaway disclosed ownership of 5,065,744 shares of the New York Times, valued at approximately $351.7 million, marking its return to media investing after exiting its newspaper portfolio in 2020."
"The New York Times has transformed into a modern subscription-driven digital business, ending 2025 with 12.78 million digital-only subscribers and adding about 450,000 net subscribers in Q4 alone."
"Digital-only subscription revenue rose 13.9% year over year to $381.5 million in Q4, while digital advertising increased by 24.9% to $147.2 million, indicating strong financial performance."
"CEO Meredith Kopit Levien stated that management expects 'another year of healthy growth in subscribers, revenue, and profitability,' reinforcing confidence in the company's ongoing momentum."
Berkshire Hathaway has recently increased its stakes in the New York Times, Chevron, Chubb, and Domino's Pizza, reflecting confidence in these diverse sectors. The New York Times, now a subscription-driven digital business, has shown significant growth in digital subscribers and revenue. CEO Meredith Kopit Levien anticipates continued growth in subscribers and profitability. Despite high valuations, Berkshire's investments suggest a belief in the long-term value of these companies, even in a market near historic highs.
Read at 24/7 Wall St.
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