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Mexican Billionaire Slim Sees Future For Struggling NYT ( Nuevo York Times )
Wall Street Journal ^ | January 20th

Posted on 01/21/2009 4:07:38 AM PST by Halfmanhalfamazing

MEXICO CITY (Dow Jones)--Mexican billionaire Carlos Slim's decision to loan the New York Times $250 million gives a vote of confidence to a debt-strapped publisher at a time when the financial viability of print is being widely questioned in the age of the Internet. The New York Times Co. (NYT) said Tuesday it will use the money to refinance existing debt, but also continues to seek other financing and will press ahead with cost-cutting measures. Slim's move to expand his involvement with the Times raised some eyebrows given difficulties faced by newspaper publishers seeing double-digit declines in advertising revenue.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Mexico; News/Current Events
KEYWORDS: carlosslim; drivebymedia; liberalmedia; newspapers; nuevoyorktimes; nyslimes; nyt; slim; slimhelu
It's official, the loan has gone through. So now, they are the Nuevo York Times.

Anybody know Slim's politics? Left wing? Right wing?

1 posted on 01/21/2009 4:07:39 AM PST by Halfmanhalfamazing
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To: Halfmanhalfamazing

More..
http://www.freerepublic.com/focus/f-news/2168665/posts


2 posted on 01/21/2009 4:09:17 AM PST by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: Halfmanhalfamazing

Well, they will always have the real estate.


3 posted on 01/21/2009 4:17:42 AM PST by Paladin2 (No, pundits strongly believe that the proper solution is more dilution.)
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To: Halfmanhalfamazing

if you thought the NYT was pro-amnesty, pro-illegal aliens, anti-border, what till we see the new version coming soon.


4 posted on 01/21/2009 4:46:23 AM PST by UglyinLA
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To: Halfmanhalfamazing

Carlos Slim is another left wing socialist Billionaire in the likes of Soros and Buffet. His money contribution to the New York Times is to make it more left wing than it is now if this is even possible.


5 posted on 01/21/2009 4:49:18 AM PST by jveritas (God Bless our brave troops)
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To: Halfmanhalfamazing

Gee, I wonder what the NYTimes position on illegal immigrants will now be?


6 posted on 01/21/2009 4:50:32 AM PST by Obadiah
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To: Paladin2
I guess it's stating the obvious that we are watching the printing press being overthrown.

In 20 years there will be newspapers only in the most impoverished backwaters of the globe. Devices like the Amazon Kindle will completely replace newsprint (not touting Kindle, I returned mine because its human factors are not great in the current version 1.0).

I guess Carlos Slim believes he can milk something from New York over the next 5 or so years, because the NYT doesn't have much longer if even that.

7 posted on 01/21/2009 4:51:31 AM PST by angkor
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To: Halfmanhalfamazing

I see a future for the NY Times as well. He’s investing in bird cage liners and fish wrap.


8 posted on 01/21/2009 4:53:12 AM PST by Brilliant
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To: Brilliant

lotto numbers on the front page?


9 posted on 01/21/2009 5:32:17 AM PST by Dr. Ursus
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To: angkor
(not touting Kindle, I returned mine because its human factors are not great in the current version 1.0).

I ordered one about three weeks ago (don't know the vesion), which is currently promised to be delivered in early March. What "human factors" did you dislike about yours? In advance, thanks for your reply.

10 posted on 01/21/2009 5:51:49 AM PST by libstripper
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To: jveritas

Do you have any linkage on that?

I have my gut feeling anyways, given his deal with the NYT and his donations to the clinton foundation.

But surely he’s said something, supported someone........

Something more rock solid


11 posted on 01/21/2009 12:28:17 PM PST by Halfmanhalfamazing (Reuters + Politico = Poleuters)
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To: Halfmanhalfamazing

I have read in few places that Carlos Slim is a socialist and very much anti-American. I will search for this info.


12 posted on 01/21/2009 1:13:36 PM PST by jveritas (God Bless our brave troops)
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To: libstripper

Re: Amazon Kindle

It’s odd yours is coming in early March, mine was shipped immediately in early December and in what universe does it take 8+ weeks to deliver a consumer electronic device? Strange.

Either you’re getting the next version or Amazon is stacking up the Kindle orders. Who knows.

In any case my experience wasn’t that much different from many others commenting on Amazon. I love the Kindle concept and indeed I sent mine back with about 20 sample chapters (from about 20 books) and five+ full paid-for books. Also a couple magazine subscriptions.

The screen is indeed nice, it works in all the lighting conditions I tried. The wireless download is fast. The batteries keep it powered for 3 to 5 days (depending upon usage). It recharges fast, a few hours. The Kindle software and the user interface are OK.

But the buttons to flip “pages” just annoyed the heck out of me, and the way I personally had to hold the Kindle was constantly annoying (esp. while laying on the couch, my favorite reading spot). I couldn’t get used to it over three weeks.

I know I’m not the only person who had that experience.

But you should give it a try because it might work for you where it didn’t for me.

I’m certainly planning to buy another Kindle sometime in the future if they can work out those handling problems (which I stress may not be “problems” for you).


13 posted on 01/21/2009 3:50:19 PM PST by angkor
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To: Halfmanhalfamazing

Los Tiempos de Nuevayor? Has a ring to it.


14 posted on 01/21/2009 4:06:49 PM PST by RichInOC (No! BAD Rich! (What'd I say?))
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To: jveritas

thanks


15 posted on 01/22/2009 2:58:06 AM PST by Halfmanhalfamazing (Reuters + Politico = Poleuters)
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To: angkor

Thanks for your reply. It looks like we’re hijacking this thread and turning it into a Kindle thread. I’m anxiously awaiting mine, especially because of its high storage capacity. If I find the ergonomics work for me, it’ll be the best thing available since I keep running out of book shelf space, meaning I’ve had to terminate memberships in the History Book Club and the Book-of-the-Month Club.

I have one other question. Once a Kindle receives a book, can that book be downloaded to a computer? Then, if it can be so downloaded, can you upload it back again. If so, a Kindle could be used, along with a few DVDs, to hold a truly massive library.

Thanks in advance for your most helpful reply.


16 posted on 01/22/2009 5:10:43 AM PST by libstripper
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