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The Collective
Wednesday, January 21, 2009
By Dr. Steven Taylor

Via the NYT: New York Times set for investment

The New York Times is set to receive a $250m (£180m) investment from Mexican billionaire Carlos Slim to help the paper finance its business.


In return, Mr Slim’s stake in the paper will be increased, making him the second largest shareholder.

Mr Slim is the world’s second richest man, according to Forbes magazine.

Besides simply being interesting, I have no particular comment to make except to note that phrase “Mexican billionaire Carlos Slim” sounds far more like something out of pulp novel than reality.

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Filed under: Latin America, The Economy, The Press | |
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One Response to “Slim to the Rescue”

  1. mbailey Says:

    I couldn’t agree more, and I tell you one thing about (the fictional) him, too: he’s not a good man. Not at all.

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