Warren Buffett's Berkshire Hathaway Invests in The New York Times

Buffett's final major investment before retirement marks a return to the newspaper business that launched his career.

Feb. 20, 2026 at 10:35pm

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In the last quarter of 2025, Warren Buffett's Berkshire Hathaway bought a $351 million stake (more than 5.1 million shares) in The New York Times Company, according to a regulatory filing. The investment reflects Buffett's longstanding ties to the newspaper industry, having worked as a paperboy in the 1940s. Berkshire was once a prominent media investor before retreating as digital advertising upended the business, but The New York Times has emerged as one of the industry's rare success stories.

Why it matters

Buffett's investment in The New York Times is seen as a vote of confidence in the newspaper's ability to thrive in the digital age, as many other major publications have struggled with declining advertising revenue and subscriptions. The move also marks a full-circle return to the business that first taught Buffett how to make money as a young paperboy.

The details

Berkshire Hathaway's $351 million stake in The New York Times Company represents more than 5.1 million shares, making it a significant investment. The Times has been one of the industry's rare success stories, adding 450,000 new digital subscribers in the October-December quarter of 2025 and lifting quarterly revenue by more than 10% year over year to $802 million. Last year, the company made $344 million in profit.

  • In the last quarter of 2025, Berkshire Hathaway bought a $351 million stake in The New York Times Company.
  • Buffett officially stepped down as Berkshire's CEO at the end of 2025, handing the reins to his successor, Greg Abel.

The players

Warren Buffett

A 95-year-old American business magnate, investor, and philanthropist who served as the chairman and CEO of Berkshire Hathaway.

Greg Abel

The successor to Warren Buffett as the CEO of Berkshire Hathaway.

The New York Times Company

The publicly traded parent company of The New York Times newspaper, which has emerged as one of the industry's rare success stories in the digital age.

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What they’re saying

“The world was changed hugely, and it did it gradually. It went from monopoly to franchise to competitive to... toast.”

— Warren Buffett (Yahoo Finance)

The takeaway

Buffett's investment in The New York Times represents a full-circle return to the newspaper business that launched his career, and a vote of confidence in the publication's ability to thrive in the digital age as many other major media outlets have struggled.