Investors always watch the investments of Warren Buffett and his team at Berkshire Hathaway. At the end of the first quarter of 2023, the changes did not reveal any huge surprises, but one that might gain notice is the additional purchases of Paramount Global (NASDAQ: PARA) shares.

Paramount stands out among investors as the dividend stock of the streaming industry. But streaming has become an increasingly competitive business, often leading to questions about whether media companies can bring sustained profitability growth, let alone afford a dividend.

Given these circumstances, should investors follow Buffett's team into the media stock? Let's take a closer look.

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Source Fool.com