Berkshire Hathaway dumps its Fox stake

Berkshire Hathaway dumped its stake in Fox News parent company 21st Century Fox in the first quarter.

In 2014, Warren Buffett's Berkshire Hathaway bought 4.7 million shares then worth $161 million. Last reported, the company had 8.9 million shares worth $250 million.

Berkshire Hathaway officials could not be reached for comment regarding the reasoning behind the sale.

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