New York Times climbs after Berkshire Hathaway discloses investment in co
Shares of news publisher New York Times NYT.N rise 3.3% to $76.50 premarket
Berkshire Hathaway BRKa.N discloses new stake of about 5.07 mln Times shares worth $351.7 mln, marking its return to the media sector
Quarter marks end of Warren Buffett’s 60-year run as CEO; Greg Abel took over on Jan. 1, though Buffett remains chairman
Investors often view Berkshire’s new stakes as a stamp of approval, though unclear if effect will persist under Abel
More details expected in Berkshire’s annual report and Abel’s first shareholder letter on Feb. 28
Earlier this month NYT posted slower digital subscriber growth in Q4 and issued lackluster ad revenue growth forecast
Six out of 11 analysts rate stock "buy" or higher, five rate it "hold"; median PT at $71 - data compiled by LSEG
As of last close, NYT stock rose 6.6% YTD, after rising 33.3% in 2025
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