One of Berkshire's two new positions last quarter was Starz ( STRZA). Buffett & Co. picked up 5.62 million shares of the media and entertainment company, a $129 million stake that amounts to more than 4.6% of Starz's outstanding shares. The new position came onto Berkshire's portfolio thanks to the firm's spin-off from Liberty Media ( LMCA) back in January; it's the fund managers' decision to keep Starz that's telling.
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