carlos slim
carlos slim: Page 1
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Mexican billionaire now owns 16.3% of the New York Times - 02/12/10
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...
Hilarious: NYT publisher Pinch Sulzberger praises NYT investor Carlos Slim - 05/03/09
Time Magazine's "The 2009 TIME 100" features a blurb from New York Times publisher Pinch Sulzberger about Mexican billionaire Carlos Slim (link). The latter recently saved the NYT from bankruptcy by loaning them $250 million:
I recently had the great pleasure of meeting Carlos Slim. He had decided to invest in the New York Times Co. and thought it would be a good idea to get to know me and my senior colleagues. It was obvious from the moment we met that he was a true Times loyalist... ...for Carlos, insight and understanding are catalysts for action and accomplishment. This speaks to why...
New York Times is part-owned by Mexican billionaire who wants to increase his stake - 01/18/09
In September 2008, Mexican billionaire Carlos Slim bought 6.9% of the common stock of the company that owns the New York Times, and now he wants to make an increased investment and this time of preferred shares (link). It's through the ownership of the latter type of stock that the Sulzberger family (led by Arthur Sulzberger aka "Pinch") controls the paper, and such a purchase would necessarily cause Slim to have even more control over them than he does now through owning common shares.
The NYT strongly supported illegal and massive immigration from Mexico well before September of last year,...