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Arthur Fraser Walter (12 September 1846 – 10 August 1910) was an English newspaper proprietor and the second son of John Walter (third).

Walter born on 12 September 1846. He studied at Eton College and Christ Church, Oxford. He entered Lincoln's Inn in 1870 to study law, and was called to the bar as a barrister in 1874, but never practised. John Walter (second), Arthur's grandfather, died on 28 July 1847. John Walter (third) succeeded to the management of The Times in 1847. Arthur made agreements with the American firms to sell the Encyclopædia Britannica. He was also responsible for the establishment of the Times Book Club.

While he was a student at Oxford he played for the Oxford University Cricket Club (1866–1869). On 15 October 1872, he married Henrietta Maria Anson, eldest daughter of Rev. Thomas Anchitel Anson.

Walter's father died on 3 November 1894 and he became the new chief proprietor of The Times in 1894. He remained chief proprietor of The Times until 1908, when it was converted into a company. He then became chairman of the board of directors of the company that purchased the paper. He died on 10 August 1910.

Walter also held several other positions. He was a Lieutenant Colonel of Volunteers, a Director of the London & Southwestern Railway, High Steward of Wokingham, and a member of the Travellers' and Union Clubs.

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