Berkshire Redoes Pay-TV Bets With Charter Stake, Less of DirecTV
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Berkshire Hathaway Inc. reported a stake in Charter Communications Inc. and trimmed its holding in DirecTV as Chairman Warren Buffett’s deputy investment managers reallocated their bets on pay-TV companies.
Berkshire held about 2.3 million Charter shares on June 30, Buffett’s Omaha, Nebraska-based company said in a filing to the U.S. Securities and Exchange Commission. The investment was valued at about $361 million based on yesterday’s closing price in New York. The stake in DirecTV fell 32 percent in the quarter to 23.5 million shares and was valued at about $2 billion.