Out of Times
New York Post, May 11, 2009
By Paul Tharp
The family that controls the New York Times empire has lost more than 86 percent of its fortune and may have to sell their controlling stake to get out of debt. Soaring losses amid a devastating media slump have drained much of the corporate cash, pushed the company deeper into debt of $1.3 billion and beckoned a stock vulture to its door -- Mexican billionaire Carlos Slim.
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