Warren Buffett becomes the latest billionaire media investor—just five years ago he called the industry ‘toast,’ now his company invested $352 million in The New York Times

Just five years after Berkshire Hathaway sold all 31 of its papers and Warren Buffett deemed the industry “toast,” the investor has rejoined a legion of billionaires with their money in media. 

A quarterly update the conglomerate filed with the SEC just revealed that Warren Buffett’s Berkshire Hathaway invested a whopping $351.7 million in The New York Times.

Buffett, the legendary “Oracle of Omaha,” had purchased 5.07 million shares in the 175-year-old paper at the end of 2025...