May he lose a lot of money.
Won’t be seeing a lot of articles critical of the Mexican Drug Cartels, will we...
There are times when a legend, one that has been both celebrated and feared comes to a very humble close. It’s happened with historic battleships, and bridges that may have helped to win war, and end up being ‘sold’ for a dollar, less even than the $24. in trinkets the Indians are said to have accepted as payment for Manhattan Island.
Indeed to previous posters who said this isn’t about making a profit off the newspaper.
It is about having a huge means of guiding public opinion in the USA. He believes he will get his money back, and more, by using it to ‘force’ politicians and the peasants of the nation into doing what he wants
At least it wasn’t Carlos Danger...
New NYT motto...’badges?...we don’t need no stinking badges’
New NYT motto...’badges?...we don’t need no stinking badges’
When will Carlos Slim rename the NYT to The Mexican Times? If not, why not?
Carlos Slim’s wallet while be SLIMMER soon. :-)
This doesn’t matter.
“The Times Company has a dual share structure: Class A stock, which is publicly traded, and a special class of stock, Class B, that allows the Sulzbergers to elect about 70 percent of the company’s board.”
This means that the Sulzbergers would control the NYT even if Slim bought 100% of the Class A stock.
Importantly, a while back, the Sulzbergers considered taking the NYT private if its Class A stock price fell too low, which would totally screw its Class A stockholders.