Buffett's Berkshire Opens NYT Position, Slashes Amazon Stake 77%

In the closing chapter of Warren Buffett's tenure at Berkshire Hathaway, the firm placed a quiet but telling wager on the enduring value of quality journalism, acquiring a $351 million stake in The New York Times while retreating from the digital giants that have defined a generation of wealth creation. These moves — made at the threshold of a leadership transition — invite reflection on what endures in an age of disruption, and whether the oldest institutions of public trust may yet outlast the platforms that once seemed destined to replace them.