Warren Buffett's company invests in the New York Times
Five 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 $US350 million ($A496 million) investment in the New York Times.
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.