Berkshire Hathaway Invests $350M in New York Times

Move comes six years after Buffett sold off Berkshire's newspaper holdings.

Published on Feb. 20, 2026

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Berkshire Hathaway, the conglomerate led by Warren Buffett, has disclosed a new $350 million investment in The New York Times, marking a surprising turnaround from Buffett's previous prediction of 'unending declines' for the newspaper industry. The investment highlights Berkshire's evolving view on the future of news media, with the Times emerging as a 'digital news powerhouse' beyond its traditional print roots.

Why it matters

Buffett's investment in the Times is seen as a major vote of confidence in the newspaper's successful digital transformation, which could provide lessons for struggling local news outlets on how to adapt to the changing media landscape. The move also underscores Berkshire's willingness to re-enter sectors it had previously abandoned, signaling the conglomerate's adaptability.

The details

Berkshire disclosed the $350 million investment in the Times as part of its quarterly SEC filing, which also showed the company increasing its stake in Chevron and continuing to sell off shares of Bank of America and Apple. While it's unclear if Buffett himself made the Times investment decision, the move highlights Berkshire's evolving view on the news industry, with Buffett previously selling off the conglomerate's entire newspaper holdings in 2020.

  • Berkshire sold off all of its newspaper holdings in 2020.
  • Berkshire disclosed the $350 million investment in the New York Times in its Q4 2025 SEC filing.

The players

Berkshire Hathaway

The conglomerate led by legendary investor Warren Buffett, which owns dozens of companies across insurance, utilities, manufacturing, and other sectors.

Warren Buffett

The chairman and CEO of Berkshire Hathaway, who previously predicted 'unending declines' for the newspaper industry before selling off Berkshire's newspaper holdings in 2020.

The New York Times

A leading national newspaper that has successfully transformed into a 'digital news powerhouse' with popular digital products like Wordle and The Athletic sports platform, in addition to its core news coverage.

Tim Franklin

A professor and chair of local news at Northwestern University's Medill School of Journalism, who commented on the significance of Berkshire's investment in the Times.

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What they’re saying

“It's a full circle moment for Berkshire Hathaway in reinvesting in news and a huge vote of confidence by Berkshire in the business strategy of the New York Times.”

— Tim Franklin, Professor and chair of local news at Northwestern University's Medill School of Journalism (ksgf.com)

What’s next

Berkshire's investment in the Times is seen as a potential model for how struggling local news outlets can adapt to the digital age, with experts suggesting they could learn from the Times' successful diversification into digital products like Wordle and The Athletic.

The takeaway

Buffett's about-face on the newspaper industry, as evidenced by Berkshire's $350 million investment in the New York Times, underscores the conglomerate's willingness to adapt its strategy and re-enter sectors it had previously abandoned. This move signals Berkshire's confidence in the Times' successful digital transformation and could provide a roadmap for other news organizations seeking to navigate the changing media landscape.