Berkshire Hathaway has nearly tripled its New York Times stake under new leadership, betting on a digital subscription business that is growing faster than print is shrinking.

What happened

Berkshire Hathaway added roughly 199% to its Class A stake in New York Times in the first full quarter under Greg Abel. The Times is a $11.7 billion（約1.9兆円） market cap publisher with 13.08 million digital subscribers generating $389.04 million（約620億円） in digital-only subscription revenue (up 16.1% year over year) and digital advertising growing 31.6%.

What to watch

Management expects digital-only subscription revenue up 14–17% and digital advertising up high-teens for Q2 2026. The stock sits below its 50-day moving average of $77.83 and the analyst target of $84.89, with one-year gains of 36.82% lagging Alphabet's 112.95%.