Carlos Slim is buying NYT stock again

August 23, 2011
Category: Uncategorized

Reuters.com | Bloomberg.com
Mexican billionaire Carlos Slim paid $6.83 to $7.09 for 553,000 New York Times Co. shares last Thursday, boosting his stake in the company’s Class A shares to 7.2 percent from 6.9 percent. Last month, the Times said it’s repaying a $250 million loan granted by Slim earlier than planned. (The paper had been paying 14 percent interest on in.) In 2009, Times publisher Arthur Sulzberger Jr. called Slim “a true Times loyalist.”