MW Berkshire returns to the newspaper business, takes bigger bite of Domino's Pizza

By Claudia Assis

Warren Buffett sold off its newspaper empire in 2020

Now led by Greg Abel, Berkshire Hathaway is transitioning from the Warren Buffett era.

As it neared the very end of its Warren Buffett era, Berkshire Hathaway seemed to return to some of its roots in the quarter that ended Dec. 31 - it placed a brand-new bet on the New York Times, six years after it sold its newspaper empire, and increased its stakes in Domino's Pizza and Chevron, according to a securities filing released late Tuesday.

Shares of New York Times $(NYT)$ rallied more than 3% in extended trading Tuesday. Besides publishing its flagship newspaper, the media company also operates digital properties and apps. According to the filing, Berkshire $(BRK.A)$ $(BRK.B)$ bought more than 5 million shares of the company, worth about $370 million as of Tuesday's close.

Securities regulators require all institutional investment managers holding more than $100 million in certain securities to disclose their positions in filings called 13-Fs. The disclosures offer a window into a firm's stock and ETF holdings at the end of a quarter, and into some of its possible strategies.

Berkshire got out of the newspaper business in February 2020, selling the entire portfolio in the BH Media Group, as well as the Buffalo News, which serves western New York, to news provider Lee Enterprises $(LEE)$ for $140 million.

The conglomerate, now led by Greg Abel, also increased its stake in Domino's Pizza by about 12% to more than 3.3 million shares, and in Chevron by about 7% to more than 130 million shares, among other notable moves.

It also placed a fresh bet on Liberty Live Holdings $(LLYVA)$, the partial owner of entertainment company Live Nation $(LYV)$, which split off from Liberty Media in December.

In November, Berkshire surprised Wall Street by buying shares of Google parent Alphabet $(GOOG)$ $(GOOGL)$, also one of the last moves by Buffett.

Berkshire went through C-suite turnover in December, losing key stock picker and then-Geico CEO Todd Combs to JPMorgan Chase. Longtime CFO Marc Hamburg is also departing and will step down on June 1.

Handpicked CEO successor Abel will, of course, face a lot of scrutiny and comparisons with Buffett, who, besides his reputation as a keen investing mind, also enjoyed the status of a cultural cornerstone.

-Claudia Assis

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February 17, 2026 17:20 ET (22:20 GMT)

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