A regulatory filing by Berkshire Hathaway revealed significant portfolio adjustments for Q4 2025, including a 77% reduction in its Amazon (AMZN) stake. The disclosure of a new position in The New York Times (NYT) sent the stock up over 3% to an all-time high of $76. This investment is valued at approximately $350 million and marks Berkshire's return to the newspaper industry six years after exiting the sector. The robust performance of NYT stands in stark contrast to industry peers facing financial deficits, highlighting its dominant market position. While the investment occurred during Warren Buffett’s final weeks as CEO, analysts suggest a deputy likely initiated the move. This strategic shift away from big tech toward media represents a definitive rebalancing of the firm’s holdings during its historic leadership transition.
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