XPost: alt.journalism.criticism, alt.business.accountability, al   
   .fan.rush-limbaugh   
   XPost: sac.politics, alt.politics.gossip   
   From: noreply@mixmin.net   
      
   OMAHA, Neb. (AP) — Six years after Warren Buffett sold off all of   
   Berkshire Hathaway’s newspapers and predicted unending declines for most   
   of the industry, Berkshire disclosed a new $350 million investment in   
   The New York Times on Tuesday.   
      
   The somewhat surprising move highlighted the quarterly update Berkshire   
   filed with the Securities and Exchange Commission about the company’s   
   stock holdings in Buffett’s last quarter as CEO. Berkshire also   
   increased its investment in Chevron just before President Donald Trump   
   ordered the arrest of Venezuela’s president, and the Omaha-based company   
   continued selling off more of its Bank of America and Apple shares.   
      
   At the time Buffett sold off Berkshire’s dozens of newspapers in 2020 he   
   concluded the industry was “toast.” But even then he suggested that   
   newspapers with a national brand like the Times or The Wall Street   
   Journal might still do well.   
      
   “It’s a full circle moment for Berkshire Hathaway in reinvesting in news   
   and a huge vote of confidence by Berkshire in the business strategy of   
   The New York Times,” said Tim Franklin, a professor and chair of local   
   news at Northwestern University’s Medill School of Journalism.   
      
   Franklin said the Times may have its roots in the newspaper business,   
   but today it’s a thriving digital business with more than 12 million   
   digital subscribers.   
      
   https://www.vindy.com/news/business-news/2026/02/buffetts-company-invests   
   -in-new-york-times-six-years-after-he-sold-all-of-his-newspapers/   
      
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