From this:
Mexican billionaire Carlos Slim Helu isn't just one of The New York Times Co.'s creditors anymore -- he's now one of their biggest stockholders, according to a Security and Exchange Commission filing Friday... Slim exercised warrants for 15.9 million in Class A shares for a strike price of $6.3572 through his companies Inmobiliaria and GFI, raising his stake in the Times Co. to 16.3% from 6.9% at the time he was approached to loan a substantial sum to the venerable publisher... Slim got the warrants in January 2009 when he lent the Times Co. $250 million. The company said that that he would not be joining the board. The Class A common shares he bought is publicly traded stock, not the super-voting shares that gives the Ochs and Sulzberger family control of the company.
Fri, 02/12/2010 - 15:45 · Importance: 4
William McGowan is suppose to launch his takedown of the NYT any day now http://www.grayladydown-nyt.com/ The NYTs is now officially a joke under Pinch. The SNL sketch were the NYTs staff were afraid to go to Alaska to cover Palin says it all.
so the mexican drug dealers own 16.3 percent of new york times and you say never crime never paids.
I don't know what difference it makes. The NYT has has been corrupt for some time now, touting the Mexican line on immigration. Slim has made a bad investment as the paper will fold in in less than two years.
George is right