Warren Buffett Reports $23.3 Million Stake in Dish

4:22 AM PST 08/15/2013 by Georg Szalai
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Warren Buffett

UPDATED: The billionaire investor's Berkshire Hathaway also continues to own stakes in Viacom, Starz, DirecTV and Liberty Media.

Warren Buffett's Berkshire Hathaway has disclosed a small stake in Charlie Ergen's satellite TV giant Dish Network worth nearly $23.3 million.

The stake, in the form of about 547,300 shares, was mentioned in the quarterly holdings report submitted by the billionaire investor's company to the Securities and Exchange Commission on Thursday. Dish's overall stock market value stood at $20.35 billion as of the end of Wednesday trading.

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Thursday's regulatory filing also showed that Buffett continued to hold stakes in entertainment conglomerate Viacom, premium TV company Starz, John Malone's Liberty Media and satellite TV giant DirecTV. The value of most rose in the second quarter amid continued gains of many media and entertainment stocks.

The value of Berkshire's stake in Viacom was worth $518 million as of the end of June, compared with about $468 million as of the end of March. Berkshire reported owning an unchanged amount of about 7.5 million Viacom Class B shares.

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Its unchanged Starz stake was worth $124.3 million, virtually the same as in the company's previous disclosure. The unchanged DirecTV stake was worth $2.23 billion, compared with $2.11 billion as of the end of March. The Liberty stake's value rose to $712.7 million from $628 million.

Berkshire also continued to own a stake in the Washington Post Co., which Amazon.com boss Jeff Bezos recently acquired. But the filing showed that the investment firm didn't own any stock in media company Gannett as of the end of June. At the end of the first quarter, it had reported holding about $38 million worth of Gannett shares.

E-mail: Georg.Szalai@THR.com
Twitter: @georgszalai

 

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