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Buffet, Soros make cable buys - CNN/Money [View All]

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flygal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-15-05 11:01 AM
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Buffet, Soros make cable buys - CNN/Money
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http://money.cnn.com/2005/02/15/news/fortune500/buffett_investments/index.htm

snip

NEW YORK (CNN/Money) - Billionaire investors Warren Buffett and George Soros are getting hooked up with cable.

Filings with the Securities and Exchange Commission show Buffett's company, Berkshire Hathaway (Research), doubled its holdings in Comcast Corp. (Research), the nation's largest cable operator to 10 million shares, during the fourth quarter, while it dumped its shares in hospital operator HCA (Research) and slashed its holdings in athletic apparel manufacturer Nike (Research).

Soros Fund Management LLC disclosed in its own SEC filing that as of Dec. 31, it owned 2.6 million shares of Time Warner (Research), owner of Time Warner Cable, the nation's No. 2 cable operator, as well as a host of other media properties, including CNN/Money. It had no shares in Time Warner at the end of the third quarter.

Soros's fund also bought 17 million shares of satellite television operator Echostar Communications (Research) during the quarter, adding another company it did not own on its earlier report. And it bought 209,272 shares of media conglomerate News Corp. (Research), which besides owning a number of broadcast and cable networks recently gained satellite television provider DirecTV.

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