Berkshire Hathaway Buys Stake in The New York Times

Famed investor Warren Buffett's company takes 3% position in media giant

Published on Feb. 20, 2026

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Berkshire Hathaway, the investment firm led by Warren Buffett, has acquired a 3% stake in The New York Times Company, purchasing more than 5 million shares worth over $350 million. This new investment comes as The New York Times reports strong financial results, with digital-only subscription revenue up 13.9% and digital advertising revenue climbing 24.9% in the fourth quarter.

Why it matters

Berkshire Hathaway's investment in The New York Times is seen as a vote of confidence in the media company's ability to navigate the shifting media landscape and capitalize on growth in digital subscriptions and advertising. The move also highlights the continued importance of trusted news sources as AI-generated content becomes more prevalent.

The details

During the fourth quarter of 2025, Berkshire Hathaway established a new position in The New York Times, acquiring over 5.1 million shares. This stake represents approximately 3% of the company, which has a market capitalization of more than $12 billion. The investment was likely made by one of Berkshire's investment lieutenants, either Todd Combs or Ted Weschler, rather than directly by Warren Buffett himself.

  • Berkshire Hathaway acquired the stake in The New York Times during the fourth quarter of 2025.
  • The New York Times reported strong financial results for the fourth quarter of 2025, with digital-only subscription revenue up 13.9% and digital advertising revenue climbing 24.9%.

The players

Berkshire Hathaway

An American multinational conglomerate holding company led by Warren Buffett, one of the most successful investors in the world.

The New York Times Company

A media company that publishes The New York Times, one of the most respected and influential newspapers in the world.

Warren Buffett

The chairman and CEO of Berkshire Hathaway, widely regarded as one of the greatest investors of all time.

Todd Combs

An investment manager at Berkshire Hathaway who left the company in December 2025 amid a broader restructuring of Berkshire's leadership team.

Ted Weschler

An investment manager at Berkshire Hathaway who may have been responsible for the firm's investment in The New York Times.

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What they’re saying

“As we've discussed, video in particular remains an important area of strategic investment being reflected in our guidance. We are confident in our ability to generate strong returns as we grow the amount and impact of video journalism in news and across our portfolio.”

— Will Bardeen, Chief Financial Officer, The New York Times (The New York Times earnings call)

What’s next

Investors will be closely watching to see if The New York Times can continue its strong performance in digital subscriptions and advertising, as well as its efforts to grow its video journalism offerings.

The takeaway

Berkshire Hathaway's investment in The New York Times reflects the media company's ability to adapt to the changing media landscape and maintain its reputation as a trusted news source. However, with the stock trading at relatively high valuations, investors may want to wait for a better entry point before following Berkshire's lead.