New York Times Carlos Slim, who already owns 6.9% of the Times Company, will invest $250 million in the form of six-year notes with warrants that are convertible into common shares. The notes also carry a 14% interest rate, with 11% paid in cash and 3% in additional bonds. ||
AP source: "He's basically projecting himself as a powerbroker in this country, regardless of how his investment does."
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NYT issues tighter guidelines for employee expenses
... but let me see if I've got this right....
