"Just five years after Berkshire Hathaway sold all 31 of its papers and Warren Buffett deemed the industry "toast," the investor has rejoined a legion of billionaires with their money in media. A quarterly update the conglomerate filed with the SEC just revealed that Warren Buffett's Berkshire Hathaway invested a whopping $351.7 million in The New York Times. Buffett, the legendary " Oracle of Omaha," had purchased 5.07 million shares in the 175-year-old paper at the end of 2025,"
"The 95-year-old investor, worth an eye-watering $149 billion, joins a legion of ultra-rich businessmen pumping millions into traditional media. Whether it be Amazon's Jeff Bezos takeover of the Washington Post after a $250 million sale, or Salesforce CEO Marc Benioff buying up Time magazine, the wealthy are forking over chunks of their fortunes to have a foot in the media landscape."
Warren Buffett's Berkshire Hathaway purchased 5.07 million shares of The New York Times for $351.7 million at the end of 2025. Buffett stepped down as CEO after nearly six decades and the purchase marked a return to media investing five years after the company sold its 31 newspapers. The investment places Buffett among several ultra-wealthy owners who have bought legacy outlets, including Jeff Bezos, John Henry, and Rupert Murdoch. Bezos bought The Washington Post for about $250 million, and John Henry acquired the Boston Globe for $70 million. Legacy newspapers have faced layoffs and cutbacks under new ownership.
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