Berkshire Hathaway Invests in New York Times, Reduces Apple and Amazon Stakes

Buffett's successor, Greg Abel, leads Berkshire's portfolio shifts amid media industry changes.

Published on Feb. 20, 2026

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Berkshire Hathaway, now led by Greg Abel after Warren Buffett's transition, has made a significant $351.7 million investment in acquiring 5.07 million shares of The New York Times. This marks Berkshire's return to the media sector after selling off its newspaper holdings in 2020. The investment suggests confidence in the Times' ability to navigate the evolving digital landscape, in contrast to Buffett's past skepticism about the industry's future.

Why it matters

Berkshire's investment in The New York Times is seen as a vote of confidence in the newspaper's digital transformation efforts, which have allowed it to build a sustainable subscription model. This move signals a shift in Berkshire's media strategy under Abel's leadership, as the company looks to capitalize on the changing dynamics of the industry.

The details

Berkshire Hathaway has also reduced its stakes in tech giants Apple and Amazon, selling 4% of its Apple shares and 77% of its Amazon shares. The company has increased its positions in Chevron and Chubb, while reducing holdings in Aon and Bank of America. These portfolio adjustments coincide with Greg Abel's recent assumption of the CEO role, succeeding Warren Buffett on January 1st.

  • Berkshire Hathaway acquired approximately 5.07 million shares of The New York Times by the end of 2025.
  • Berkshire reduced its stake in Apple by 4% and sold 77% of its 10 million shares in Amazon.com during the fourth quarter.
  • Greg Abel assumed the role of CEO, succeeding Warren Buffett, on January 1st, 2026.

The players

Greg Abel

The current CEO of Berkshire Hathaway, having succeeded Warren Buffett on January 1st, 2026.

Warren Buffett

The former CEO of Berkshire Hathaway, who previously championed the newspaper industry but sold the company's newspaper holdings in 2020.

The New York Times

A major American newspaper that Berkshire Hathaway has invested in, seen as having a successful digital subscription model.

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What they’re saying

“Only The New York Times, The Wall Street Journal, and potentially The Washington Post possessed sufficiently robust digital models to offset declines in print circulation and advertising revenue.”

— Warren Buffett

What’s next

Berkshire Hathaway will release further details regarding its investments in its annual report and Greg Abel's first letter to shareholders on February 28th, 2026.

The takeaway

Berkshire Hathaway's investment in The New York Times signals a shift in the company's media strategy under Greg Abel's leadership, as it looks to capitalize on the changing dynamics of the industry and the Times' successful digital transformation.