Entries tagged "Carlos Slim"
New York Times journalists try to explain away behavior for which they recently came under fire.
Investors are turning to acquiring secured debt in financially starved media companies to establish a foothold.
Carlos Slim's $250 million investment in the New York Times Co. is a risky financial bet, but BloggingStocks pointed out an interesting upside: The deal will likely take the Mexican billionaire's business dealings, which have been criticized highly in Mexico as being monopolistic, off the Gray Lady's map of investigative reporting. ...
Too bad the New York Times Co. couldn't always sell its daily newspaper the way it did on Nov. 5, the day after Barack Obama won the presidential election, when some people stood on lines wrapped around blocks to buy a copy. The Times announced that edition was in such demand it printed an additional 150,000 copies, which it continued to sell through the following weekend and through mail order. That upside anomaly in sales won't be enough to save the company, and executives at the New York-based media company and investors know it. After all, investors are abandoning...
Rupert Murdoch isn't the only communications magnate putting money into prime U.S. newspapers assets. Latin American telecommunications tycoon and billionaire investor Carlos Slim Helú disclosed a 6.4% stake in New York Times Co. late Wednesday. Slim's family trust holds 9.1 million shares of the publisher. ...
