Warren Buffett Increased Stake In Media, Dropped Exxon Mobil
Warren Buffett's every investment move is sure to be scrutinized, and his most recent is with one of the media industry's biggest names.By Cliff Judy | February 18, 2015
Quarterly investing reports show Warren Buffett — as he is wont to do — made a lot of moves in the fourth quarter of 2014. And for a heavyweight of Buffett's magnitude, each of those moves was sure to get scrutinized.
Perhaps the most picked-over of those investing decisions: Buffett paired himself with one of the biggest names in the media industry, buying up more than 4.7 million shares of Rupert Murdoch's 21st Century Fox.
This comes only six months after news Buffett's Berkshire Hathaway bought roughly the same number of shares in Charter Communications, one of the nation's largest cable operators.