New York Times gets tighter with Mexican kingmaker
ADOTAS — When the New York Times laid off people, it was unfortunate but unsurprising. When it put up properties, including part ownership of the Red Sox, I questioned why it didn’t do it earlier. When Michael Hirshorn wrote about how the Times’s print version evaporating by May, I chuckled.
I’m not chuckling any more. Mexican billionare Carlos Slim Helu, considered the second richest man in the world, is close to investing $250 million via 10-year notes with warrants convertible into common shares. He already has a small stake in the company.
Slim has eight…eight… ongoing investigations in Mexico over monopoly allegations. He was accused of using his political connections, including with then-President Carlos Salinas, to buy Telmex, the country’s largest fixed-line phone company.
“He has accumulated so much wealth in Mexico that at the end of the day his power could easily translate to that of a political kingmaker, which is why all the aspiring politicians strive to have a certain closeness to him,” Armand Peschard-Sverdrup, a Mexico expert at the Center for Strategic and International Studies, told Reuters.
And they’re worried about Rupert Murdoch?
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