Buffett's Bet On Dow
Billionaire Warren Buffett, who has been critical of the future prospects of print newspapers, disclosed that Berkshire Hathaway has a small stake in Dow Jones. According to The WSJ: “Berkshire owned 2.78 million Dow Jones shares valued at $159.8 million as of June 30, according to a securities filing for the second quarter. With about 85.85 million shares of Dow Jones outstanding, Berkshire’s stake would be just over 3%.
“Mr. Buffett was unavailable to comment. Marc Hamburg, Berkshire’s chief financial officer, said Berkshire didn’t request confidential filing status for disclosure of the stake, meaning Berkshire bought the shares between the end of March and the end of June.
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