New York Times Savior the Real Shady Slim
New York Post, January 25, 2009
By Paul Tharp
Mexican billionaire Carlos Slim says his $250 million infusion into the Times Co. -- with a right to boost it to 18 percent of the common shares outstanding -- is purely a passive "financial investment." He's extracting a stiff 14 percent interest rate on his investment, and got the Times to agree to strict rules that it couldn't sell assets without his approval.
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