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.
"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."
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]