Berkshire Hathaway Invests $350M in The New York Times

Warren Buffett's company makes a major bet on the digital future of the iconic newspaper

Published on Feb. 21, 2026

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Six years after Warren Buffett's Berkshire Hathaway sold off its entire newspaper portfolio, the company has disclosed a new $350 million investment in The New York Times. The move highlights Berkshire's confidence in the Times' successful digital transformation, which has seen it grow to over 12 million digital subscribers and expand into new business lines like games and sports coverage.

Why it matters

Buffett's investment in the Times is seen as a 'full circle moment' for Berkshire, signaling a renewed belief in the potential of national news brands to thrive in the digital age. The move could also provide lessons for struggling local newspapers on how to build successful digital business models.

The details

Berkshire's quarterly stock filings show the company also increased its stake in Chevron just before the U.S. ordered the arrest of Venezuela's president, a move that has boosted Chevron's stock. Berkshire continued selling off shares of Bank of America and Apple, though it remains a major investor in both companies.

  • Berkshire sold off its entire newspaper portfolio in 2020.
  • Berkshire disclosed the $350 million investment in The New York Times in the last quarter of 2025.

The players

Warren Buffett

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

The New York Times

The iconic national newspaper that has successfully transformed into a thriving digital business with over 12 million digital subscribers, popular new business lines like games and sports coverage, and a well-known brand.

Greg Abel

The new CEO of Berkshire Hathaway, who took over from Buffett in January after six decades of Buffett's leadership.

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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 (Fortune)

What’s next

Berkshire's investment in The New York Times is seen as a significant endorsement of the newspaper's digital strategy. Investors will likely closely watch the Times' performance in the coming quarters to see if Buffett's bet pays off.

The takeaway

Buffett's return to investing in news media, after previously predicting the industry's demise, highlights the potential for national news brands to thrive in the digital age through successful business model transformations. This could provide inspiration for struggling local newspapers looking to emulate the Times' digital success.