“Without Buffett, Berkshire is FINALLY Going All-In on AI!”
NYT has limited long-term upside due to intense digital competition and an aging subscriber base; it is currently overvalued.
Here, the situation would be a little similar to Macy's, where we have another traditional company, but one that is growing at very good rates , if you can believe it.
This pertains to The New York Times, trading under the symbol NYT, into which Berkshire added another $43 million, increasing its stake by approximately 4% during the quarter. This was the smallest increase there.