Carlos Slim More Than Doubles His Stake in Times Company (Mexican Released Trump's Taxes Illegally)

NY Times ^ | 1-14-2015 | RAVI SOMAIYAJAN

[brucedickinson]

The Mexican billionaire Carlos Slim Helú has more than doubled his stake in The New York Times Company, to nearly 17 percent, the company said on Wednesday.

Mr. Slim exercised warrants to acquire nearly 16 million shares of the company’s Class A stock at a price of over $6.36 a share, the company said, increasing his stake from 7 percent. He now owns nearly 28 million shares in total.

The company received more than $100 million in the transaction, it said, which it intends to use to repurchase Class A shares — a different category from the controlling Class B shares held by the Sulzberger family.

[brucedickinson]

I find it interesting that Hillary made it her centerpiece to go after Trump's taxes, and BOOM- her Mexican lackey goes on the attack. Just seems real convenient, almost like she already knew about the leak that was coming. Hmmmm

And yes, this is an old article

[headstamp 2]

Right up there with Gannett.

[brucedickinson]

[Robert DeLong]

First off, there is no mention of Trump in the article. Secondly, how could Carlos Slim release Trump’s taxes either legally or illegally? Explain please. Thanks.

[Cen-Tejas]

My understanding is that the NYT balance sheet is in the red or NEAR red.

If this is accurate, and in today’s world who the hell knows, then one can’t help but wonder what Carlos is up to? Where’s his incentive?

[brucedickinson]

First, the leak came from the NY Times, second, Carlos Slim, the worthless Mexican who owns 17% of the paper, used his influence to have them released. Rich people buy newspapers in order to push their goals. Trump has said it was illegal to release the records.

[Alberta's Child]

Trump can say whatever he wants. Unless and until he pursues legal action against the New York Times, I'm going to assume that he's perfectly fine with them running the story -- and maybe even a complicit party.

Think about it ... it covers him perfectly. He can now refuse to release any of his tax returns for good reason: "My lawyers advised me to refrain from releasing any tax returns, because of what the New York Times did."

[Tallguy]

Lackey? Carlos Slim is one of the wealthiest men in the world. If anybody is barking orders between those two it is he.

[Robert DeLong]

Well thanks for the link. I had not heard that the New York Slimes had released these, nor that they had obtained them illegally.

So now make the connection that Carlos Slim is involved in any of that and how he obtained Trump's tax returns illegally. Carlos Slim could be buying a larger interest just to gain influence in an American news outlet.

Just because Carlos Slim hates Trump, that certainly is not a motivation to increase his share in the New York Slimes, because the New York Slimes already attack Trump at every opportunity.

[Robert DeLong]

I think most of them are in the red. He obviously wants more influence in an American news outlet, but to what end is anybody’s guess.

[mountainfolk]

I would say that getting distracted with legal pursuits at this time would be an unwise thing for the Trump campaign to pursue. A suit can be filed after the election. Meantime, he is covered from indulging the press with current tax returns. If a legal tax return is not acceptable then why bother with any other tax return revelations? Another distraction to keep Trump from addressing the current situations like unemployment, health care, illegal as well as unlimited and unvetted immigration.

[Alberta's Child]

I would say that getting distracted with legal pursuits at this time would be an unwise thing for the Trump campaign to pursue. A suit can be filed after the election.

That's my point. A suit WILL NOT be filed -- either before or after the election.

[dljordan]

Isn’t Slim Lebanese? A faux Mexican?

[Cen-Tejas]

......u know I have not seen the NYT’s balance sheet but let’s assume the building they occupy is owned by the Operating Company not some separate closely held company that they lease from.

So, if you assume the building is on the balance sheet, and they have a negative net worth even including the value of the building then they really do have zero equity and the Newspaper, like Newsweek, is worth about a dollar to somebody like this Mexican Investor.

[Robert DeLong]

Yeah but they own inherent access to get out propaganda to the American public, which could be reason to invest in them. A loss leader so to speak.

[Eva]

There was a big push to build a coal terminal near me, to ship coal to China. When the big backer ( Goldman Sachs) pulled out, they turned to Carlos Slim. Actually, it was the top lieutenant of Carlos Slim who was backing the project. They were actually going to give him his own shipping terminal in the US.

[Cen-Tejas]

good point