Berkshire Hathaway has disclosed a $366 million in pay-TV company Charter Communications, accumulated over its second quarter. The investment moves give insight into the strategies of Warren Buffett’s firm, in particular how the billionaire and portfolio managers Todd Combs and Ted Weschler view the health of the cable TV industry. Charter, in which Liberty Media has a majority stake, is due to receive around 1.4 million new subscribers from Time Warner Cable upon its merger with Comcast. That would make Charter the second-largest U.S. cable company. However, Berkshire’s bet on Charter comes at the expense of DirecTV and Starz.