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Fortune

Emma Burleigh

Warren Buffett becomes the latest billionaire media investor: His company just invested $352 million in the New York Times

Warren Buffett Time Berkshire Hathaway New York Jeff Bezos

Berkshire Hathaway's Warren Buffett (Credit: Scott Eells—Bloomberg/Getty Images)

Just five years after Berkshire Hathaway sold all 31 of its papers and Warren Buffett deemed the industry “toast,” the investor has rejoined a legion of billionaires with their money in media.

A quarterly update the conglomerate filed with the SEC just revealed that Warren Buffett’s Berkshire Hathaway invested a whopping $351.7 million in the New York Times.

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