Berkshire Hathaway Invests $350M in The New York Times

Move comes 6 years after Buffett sold off Berkshire's newspaper holdings

Published on Feb. 20, 2026

Got story updates? Submit your updates here. ›

Six years after Warren Buffett's Berkshire Hathaway sold off all of its newspaper holdings and predicted industry-wide declines, the company has disclosed a new $350 million investment in The New York Times. The surprising move highlights Berkshire's quarterly stock portfolio update and comes as the media company has transformed into a thriving digital business.

Why it matters

Buffett's investment in The New York Times, a national media brand, is seen as a vote of confidence in the company's digital transformation and business strategy. It also raises questions about whether struggling local newspapers can learn from the Times' success in offering online content, games, and sports coverage that readers can't get elsewhere.

The details

Berkshire Hathaway increased its investment in Chevron just before President Donald Trump ordered the arrest of Venezuela's president, and the company continued selling off more of its Bank of America and Apple shares. The Times investment, while sizable, was not necessarily made directly by Buffett himself, as Berkshire's other investment managers may have been involved in decisions under $1 billion.

  • In 2020, Buffett sold off Berkshire's dozens of newspaper holdings.
  • On Tuesday, Berkshire disclosed the new $350 million investment in The New York Times.

The players

Warren Buffett

Chairman and CEO of Berkshire Hathaway, who previously sold off Berkshire's newspaper holdings in 2020.

The New York Times

A national media company that has transformed into a thriving digital business with popular online content, games, and sports coverage.

Greg Abel

The new CEO of Berkshire Hathaway, taking over from Buffett in January.

Got photos? Submit your photos here. ›

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 (wral.com)

What’s next

Berkshire's investment in The New York Times will be closely watched by investors seeking to emulate Buffett's investment strategies.

The takeaway

Buffett's return to investing in a national media brand like The New York Times, after previously predicting industry-wide declines, highlights the company's successful digital transformation and raises questions about whether struggling local newspapers can learn from its model.