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New York Times

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Buffett Sells Majority of Amazon, Bets $352M on The New York Times
business4 days ago

Buffett Sells Majority of Amazon, Bets $352M on The New York Times

Berkshire Hathaway dumped about 7.7 million Amazon shares (roughly 75% of Buffett’s AMZN stake) in Q4 and instead invested about $352 million in The New York Times Company. NYT stock has surged about 52% in the last year to $75.50, while NYT digital subscriptions rose by 780,000 year over year to 12.21 million and revenue increased 10.4% to $802.3 million, signaling Buffett’s rotation toward a brand-name media asset amid AI-driven tech valuations.

Berkshire re-enters newspapers, widens Domino’s bet as Buffett era winds down
business8 days ago

Berkshire re-enters newspapers, widens Domino’s bet as Buffett era winds down

Berkshire Hathaway, nearing the end of Warren Buffett’s tenure, is returning to the newspaper space by taking a fresh stake in The New York Times (over 5 million shares, about $370 million) six years after selling its BH Media Group, while also boosting its Domino’s Pizza and Chevron stakes (roughly 3.3 million shares of Domino’s and more than 130 million shares of Chevron). The 13-F filing also notes other notable moves and investments, including Alphabet, as Buffett’s successor Greg Abel prepares to lead, with executives like Todd Combs and Marc Hamburgdeparting.

middle-east24 days ago

Gaza Hospital Chief Exposed as Hamas Colonel, Stirring NYT Controversy

A Gaza pediatrician and Kamal Adwan Hospital director Hussam Abu Safiya, who wrote op-eds for the New York Times criticizing Israel, has been revealed to be a Hamas colonel. He was arrested by the IDF in December 2024 and is being held in an Israeli prison. The disclosure sparked campaigns for his release and drew scrutiny over NYT disclosures, with researchers tracing Arabic sources labeling him a Hamas figure and Lyon granting him honorary citizenship.

legal2 months ago

Judge Denies Palin's Request for New Trial in Libel Case

A judge refused to grant Sarah Palin a new trial in her libel lawsuit against the New York Times, affirming the jury's original verdict that rejected her claim. Palin sued over an editorial linking her political actions to a violent event, but the Times corrected the article shortly after publication. The case highlights ongoing tensions between political rhetoric and media responsibility.

entertainment4 months ago

Justin Baldoni Faces Legal Battles and Personal Revelations Amid High-Profile Lawsuits

Justin Baldoni's $400 million defamation lawsuit against Blake Lively, the NY Times, and others was dismissed, and now the NY Times is seeking approximately $150,000 in legal fees from Baldoni's company, Wayfarer Studios, claiming the lawsuit was baseless and aimed at silencing journalists. The case involved allegations related to Lively's sexual harassment claims and the reporting on them, with the court ruling that the NY Times' reporting was protected under fair report privilege and not made with malice. The legal battle continues with a trial set for March 2026.

Judge Dismisses Trump’s $15 Billion Defamation Suit Against NY Times and Publishers
law5 months ago

Judge Dismisses Trump’s $15 Billion Defamation Suit Against NY Times and Publishers

A federal judge in Florida dismissed Donald Trump's $15 billion defamation lawsuit against The New York Times for being excessively lengthy and inappropriate, giving him 28 days to amend the complaint. The judge criticized the filing for containing personal boasts and invective, highlighting issues of procedural compliance and the practice of forum shopping, where litigants choose courts they believe will be more favorable.