Warren Buffett makes last big investment before retirement

Business Feb 21, 2026

Warren Buffett's Berkshire Hathaway grabbed a 3% stake in The New York Times Company, spending $351 million for 5.1 million shares.
This is Buffett's last big move before stepping down in January 2026, handing the reins to Greg Abel.

NYT is on a digital hot streak

The New York Times is on a digital hot streak—adding 450,000 new online subscribers last quarter and hitting more than 12 million total.
Their revenue jumped over 10%, and profits soared to $344 million for the year.
NYT stock has shot up 57% while other media companies are laying people off.
Berkshire's investment is basically a vote of confidence in NYT's digital game plan, especially as AI news content gets more common and most old-school media struggles to keep up.