Berkshire Cuts Amazon Stake, Makes Bet on New York Times (2)

Berkshire Hathaway Inc. slashed its holding in Amazon.com Inc. by more than 75% in the fourth quarter, while also building a stake in the New York Times Co. — Warren Buffett’s last new bet as chief executive officer.

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

Berkshire first bought a stake in Amazon in 2019. Buffett, 95, said at the time that despite his historical aversion to technology stocks, he’d been “an idiot for not buying” the ...