New York Times Stock Hits All-Time High After Buffett’s Blessing

Warren Buffett’s decision to buy New York Times Co. stock in the legendary investor’s final quarter running Berkshire Hathaway Inc. is a sign of confidence — and perhaps nostalgia — from a billionaire who’s had a lifelong fascination with newspapers.

Berkshire acquired 5.1 million shares of the publishing company in the three months through December, a stake worth $351.7 million at year end, according to a regulatory filing Tuesday.