Buffett's Berkshire Hathaway Invests $700M in The New York Times
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OMAHA, NEBRASKA - February 18, 2026 - In a move that has sent ripples through the media and investment worlds, Berkshire Hathaway, the investment behemoth guided by Warren Buffett, today announced a major investment in The New York Times Company, exceeding $700 million. This substantial stake in the historic newspaper represents a significant shift in perspective from Buffett, who has historically expressed skepticism about the future of print media.
The announcement is particularly noteworthy given Buffett's long and vocal reservations regarding the newspaper industry. For years, he's publicly questioned the long-term viability of newspapers, citing the relentless decline in print readership, the evaporation of traditional advertising revenue, and the difficulty of transitioning to a sustainable digital model. He famously avoided investing in most media companies, preferring to focus on businesses with more predictable cash flows.
So, what prompted this change of heart? The key, according to analysts, lies in The New York Times' successful pivot to a digital subscription model. While many news organizations struggled to adapt to the digital age, The New York Times has not only survived but thrived, amassing a considerable and growing base of online subscribers. This consistent and recurring revenue stream - largely insulated from the volatility of advertising - appears to have finally won over Buffett.
"This isn't about betting on newspapers as we knew them," explains media analyst Dr. Eleanor Vance at the Columbia Journalism Review. "It's about recognizing a company that has fundamentally transformed itself into a digital-first business with a strong brand identity and a loyal customer base. The New York Times isn't just selling news; it's selling a premium information experience."
The investment is seen as a powerful endorsement of The New York Times' strategy, which focuses on quality journalism, in-depth reporting, and a diverse range of digital products - including news, cooking, games, and audio. This diversification has proven crucial in attracting and retaining subscribers. Berkshire Hathaway's involvement is expected to provide further stability and resources, potentially allowing The New York Times to accelerate its innovation and expansion efforts.
The market reacted with immediate enthusiasm. Shares of The New York Times Company surged more than 15% in early trading following the disclosure, reaching a new 52-week high. This positive reaction underscores investor confidence in the company's future prospects and the strategic rationale behind Berkshire Hathaway's investment. While specific details regarding the number of shares purchased and the exact percentage of ownership remain undisclosed, industry observers estimate Berkshire Hathaway now holds a significant, though non-controlling, stake in the company.
This development highlights a broader trend within the media landscape: a growing willingness by investors to reassess the value of established news organizations that can demonstrate a clear path to profitability in the digital age. The failure of numerous local newspapers and the struggles of traditional media giants have served as cautionary tales, but The New York Times' success story offers a glimmer of hope.
The investment also raises questions about the future of media consolidation. Could Berkshire Hathaway, known for its long-term holding strategy, eventually seek to acquire a controlling interest in The New York Times? Or might this investment pave the way for similar partnerships with other digitally-savvy news organizations? While these questions remain unanswered, it's clear that Berkshire Hathaway's move signals a significant shift in its approach to the media industry.
Furthermore, the investment could have implications for the broader journalistic landscape. Financial stability is paramount for investigative journalism and holding power accountable. A strengthened New York Times, backed by Berkshire Hathaway, may be better positioned to fund ambitious reporting projects and resist pressures that compromise editorial independence. This is particularly crucial in an era of misinformation and declining trust in institutions. The move comes at a time when the future of independent, quality journalism is constantly under threat.
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