US EditionBerkshire Hathaway invests in New York Times, trims Apple
Berkshire Hathaway acquired about 5.1 million shares in The New York Times, valuing the stake at roughly $350 million in Buffett's last CEO quarter.
- Berkshire Hathaway disclosed on Tuesday it acquired roughly 5.1 million shares of The New York Times Company, valued at about $352 million at year-end.
- Warren Buffett, former CEO of Berkshire Hathaway, stepped down at the start of this year, and Greg Abel will publish his first shareholder letter later this month.
- Berkshire pared its Apple holding to $61.96 billion, trimming it by 4.3%, offloaded 77% of its Amazon stake to $525 million, and added about 8 million shares in Chevron.
- Shares of The New York Times jumped nearly 3% in after-hours trading, with Tim Franklin calling the stake `a huge vote of confidence` in its digital strategy.
- Five years after Berkshire sold its newspapers in 2020 and Warren Buffett said the industry was `toast`, SEC filings do not reveal whether Buffett or Berkshire's investment managers placed the New York Times trades.
35 Articles
35 Articles
Oskaloosa Herald
Warren Buffett's company invests in The New York Times 6 years after he sold all his newspapers
Six years after Warren Buffett sold off all of Berkshire Hathaway’s newspapers and predicted unending declines for the industry, Berkshire disclosed a new $350 million investment in The New York Times on Tuesday. The somewhat surprising move highlighted the quarterly…
Berkshire Hathaway Inc., of Warren Buffett, reduced its stake in Amazon.com Inc. by more than 75 percent in the fourth quarter, while increasing its stake in New York Times Co., its latest new bet as CEO of the conglomerate and after abandoning investments in BYD in September last year.Berkshire, based in Omaha, Nebraska, acquired 5.1 million shares of the media publishing company in the three months until December, a stake worth $351.7 million …
US Market | Berkshire Hathaway invests in New York Times, trims Apple
Berkshire Hathaway has invested in The New York Times, marking a return to the media sector. This move comes after Warren Buffett sold Berkshire's newspaper business in 2020. The company also adjusted its stakes in Apple and an online retailer. Greg Abel has succeeded Buffett as CEO.
The Seattle Times
Washington TimesWarren Buffett’s company invests in the New York Times six years after he sold all his newspapers
Five years after Warren Buffett sold off all of Berkshire Hathaway’s newspapers and predicted unending declines for the industry, Berkshire disclosed a new $350 million investment in the New York...
Associated Press News
Warren Buffett's company invests in the New York Times six years after he sold all his newspapers
Five years after Warren Buffett sold off all of Berkshire Hathaway’s newspapers and predicted unending declines for the industry, Berkshire disclosed a new $350 million investment in the New York Times on Tuesday.
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