Warren Buffett's Company Invests In The New York Times Years After He Sold His Newspapers

Six years aft Warren Buffett sold disconnected each of Berkshire Hathaway’s newspapers and predicted unending declines for astir of nan industry, Berkshire disclosed a caller $350 cardinal finance successful The New York Times connected Tuesday.

The somewhat astonishing move highlighted nan quarterly update Berkshire revenge pinch nan Securities and Exchange Commission astir nan company’s banal holdings successful Buffett’s past 4th arsenic CEO. Berkshire besides accrued its finance successful Chevron conscionable earlier President Donald Trump ordered nan apprehension of Venezuela’s president, and nan Omaha-based institution continued trading disconnected much of its Bank of America and Apple shares.

At nan clip Buffett sold disconnected Berkshire’s dozens of newspapers successful 2020 he concluded nan manufacture was “toast.” But moreover past he suggested that newspapers pinch a nationalist marque for illustration nan Times aliases The Wall Street Journal mightiness still do well.

“It’s a afloat circle infinitesimal for Berkshire Hathaway successful reinvesting successful news and a immense ballot of assurance by Berkshire successful nan business strategy of The New York Times,” said Tim Franklin, a professor and chair of section news astatine Northwestern University’s Medill School of Journalism.

Franklin said nan Times whitethorn person its roots successful nan newspaper business, but coming it’s a thriving integer business pinch celebrated games for illustration Wordle, a well-known sports level called The Athletic and much than 12 cardinal integer subscribers. He said possibly struggling section newspapers tin tie immoderate lessons from nan “digital news powerhouse” nan Times has go and find ways to connection online games and showcase nan section sports sum that readers can’t get elsewhere.

These quarterly banal portfolio filings don’t make clear whether Buffett made each move aliases whether 1 of Berkshire’s different finance managers did. Buffett mostly handled immoderate investments worthy much than $1 billion, truthful astatine nan size of this Times finance it’s not definite whether this was 1 of his bets.

But galore investors will still effort to transcript it because of Buffett’s singular way grounds complete nan decades earlier he handed nan CEO title complete to Greg Abel successful January aft six decades of starring Berkshire. Shares of nan Times jumped astir 3% successful aft hours trading aft Berkshire disclosed nan stake.

Berkshire besides picked up astir 8 cardinal much Chevron shares successful nan 4th to springiness it much than 130 cardinal shares successful nan lipid giant. That was a peculiarly well-timed stake because Chevron’s banal has soared since Trump promised to reinvigorate Venezuela’s lipid business, but Buffett has agelong been bullish astir nan lipid business and Berkshire has been a awesome investor successful Chevron and Occidental Petroleum for respective years.

Chevron is nan only awesome American lipid institution pinch important operations successful Venezuela, wherever it produces astir 250,000 barrels a day. Chevron, which first invested successful Venezuela successful nan 1920s, does business successful nan state done associated ventures pinch nan state-owned institution Petróleos de Venezuela S.A., commonly known arsenic PDVSA. Chevron’s banal is up astir 19% since nan commencement of 2026 conscionable earlier nan U.S. captured Venezuela’s President Nicolás Maduro successful a raid

The different notable moves Berkshire made successful nan past 3 months of 2025 included trading disconnected astir 50 cardinal Bank of America shares though it still holds astir 81 cardinal shares of nan slope that he first started buying successful 2011 while Bank of America was struggling pinch nan effects of nan subprime owe crisis. And Berkshire trimmed astir 10 cardinal shares disconnected its monolithic Apple liking but continued to clasp astir 228 cardinal shares astatine nan extremity of past year.

In summation to stocks, Berkshire owns dozens of companies outright including security giants for illustration Geico, a postulation of awesome utilities, BNSF railroad and galore manufacturing and unit companies pinch brands for illustration Dairy Queen and See’s Candy.

Funk writes for nan Associated Press.