New York Times climbs after Berkshire Hathaway discloses investment in co

The New York Times

18/02/2026 11:36

** 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

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))