Berkshire Hathaway Nearly Triples Stake in New York Times Under Greg Abel

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Summary · why it matters

Berkshire Hathaway nearly tripled its stake in the New York Times during its first full quarter under Greg Abel, adding roughly 199% to its Class A position. The move came in the same quarter the firm tripled its Alphabet stake and initiated a Delta Air Lines position. The New York Times, a 175-year-old publisher with an $11.7 billion market cap, generated $550.51 million in free cash flow in 2025 and carries $1.1 billion in cash with zero debt. The company reported digital-only subscription revenue of $389.04 million in the first quarter of 2026, up 16.1% year over year, and digital advertising growth of 31.6%. The stock trades at roughly 4 times sales, well below Alphabet's 11 times sales multiple.

Impact on assets 5

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New York Times Company
NYT
▲ PositiveCapitalrelevance

Berkshire nearly tripled its stake, signaling strong confidence; also reports strong digital revenue growth and zero debt.

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Berkshire Hathaway Inc
BRK-B
± MixedCapitalrelevance

Berkshire's investment activity is mentioned, but the article focuses on its portfolio moves, not on Berkshire's own performance.

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