| Mexican Billionaire Carlos Slim Becomes Top Owner of New York Times Brent Scher - Washington Free Beacon | |
| go to original January 15, 2015 |
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After doubling his stake in New York Times, Mexican billionaire Carlos Slim has become the top shareholder of the New York Times.
Reuters reports that Slim has exercised warrants purchased in 2009 that double his holdings in the paper to 16.8 percent. His shares are valued at $341.4 million.
Though the Times has not always been the best investment for Slim, his large stake in the paper has exempted him from being the target of negative coverage.
Read the rest at Washington Free Beacon
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