Berkshire Hathaway Inc. (BRK. A) continued to addcontribute to its media-industry holdings throughout the second quarter, purchasing a little stake in cable television operator Charter Communications Inc.
. Warren Buffetts company purchased 2.3 million shares of Charter that were valued at $366 million since June 30, according to a regulative filing. Berkshire also added almost four million shares to its position in Verizon Communications Inc. and now owns 15 million shares that were valued at $734 million. The Omaha, Neb., conglomerate initially bought Verizon shares in the first quarter. Berkshire also bought more shares of Liberty Global PLC, the European cable business, but cut its stake in Liberty Media Corp.
. Berkshires holding of satellite TV operator DirecTV decreased throughout the quarter, although it still possessed 23.5 million shares at the end of June. At almost $2 billion, the DirecTV stake is one of the most significant holdings of Mr. Buffetts two investment managers, Todd Combs and Ted Weschler. In Might, ATT Inc. concurredaccepted buy DirecTV for $49 billion.
3 of Berkshires 4 biggest holdings remained the exact same– Coca-Cola Co., American Express Co. and Wells Fargo Co. It included about 1.8 million shares to its position of 68 million shares in International Company Machines, a stake that was valued at $12.7 billion at the end of June.