Berkshire Hathaway Invests $350M in New York Times

Surprise move comes 6 years after Buffett sold off Berkshire's newspaper assets

Published on Feb. 21, 2026

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Six years after Warren Buffett sold off all of Berkshire Hathaway's newspaper assets and predicted unending declines for the industry, Berkshire has disclosed a new $350 million investment in the New York Times. The move highlights Berkshire's quarterly stock portfolio update filed with the SEC in Buffett's last quarter as CEO.

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 ability to thrive in the modern media landscape, even as local newspapers continue to struggle.

The details

Berkshire also increased its investment in Chevron just before President Trump ordered the arrest of Venezuela's president, and continued selling off more of its Bank of America and Apple shares. While Buffett generally handled Berkshire's investments over $1 billion, it's unclear if he personally made the call on the New York Times stake.

  • In 2020, Berkshire sold off its dozens of newspaper assets, with Buffett concluding the industry was "toast".
  • On February 18, 2026, Berkshire disclosed the new $350 million investment in the New York Times in its quarterly SEC filing.

The players

Warren Buffett

The former CEO of Berkshire Hathaway, who led the company for six decades before handing the reins to Greg Abel in January 2026.

Greg Abel

The current CEO of Berkshire Hathaway, who took over from Warren Buffett in January 2026.

New York Times

A national media brand that has successfully transformed into a thriving digital business, with popular offerings like the Wordle game and The Athletic sports platform.

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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

What’s next

Investors will closely watch to see if Buffett or Berkshire's other managers made the call on the New York Times investment, as Buffett's investment decisions are closely followed.

The takeaway

Buffett's surprise investment in the New York Times, a national media brand that has successfully adapted to the digital age, suggests that high-quality journalism and content can still thrive even as local newspapers continue to struggle.