Buffet dumps oil for media?

Billionaire Warren Buffert and owner of Berkshire Hathaway dumped all of its Exxon Mobil (XOM) shares and picks up stake in 21st Century Fox.

In a quarterly filing with the Securities and Exchange Commission Tuesday, Berkshire revealed that it bought 4.7 million shares of the 21st Century Fox last quarter.This is in addition to Buffets investment in cable television provider Charter Communications (CHTR) last year. Buffet also raised its stakes in satellite television company DirecTV (DTV) , Viacom (VIA)  and Liberty Global (LBTYA).

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