Feb. 23 at 7:14 PM
Berkshire Hathaway disclosed a new 3.1% stake in New York Times, acquiring over 5 million shares in Q4 valued at roughly
$395 million. The investment comes as traditional media faces disruption, yet NYT continues to show strong digital momentum.
Shares are trading around
$74.50, more than 20% above the Q4 average price of
$62, up 7.5% year-to-date and nearly 60% over the past 12 months. Digital-subscription revenue rose nearly 14% year over year in Q4, while digital advertising surged almost 25%, reinforcing the company’s successful shift toward subscription-based and diversified digital products.
Despite trading at roughly 19x forward EBITDA—above peers like News Corp and Lee Enterprises—NYT remains near record highs. Berkshire’s move signals confidence in the company’s long-term digital growth, even as analyst sentiment remains mixed, with an average price target below current levels.
$BRK.B
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