Carlos Slim Helu, World's Second Richest Man, Buys Large Stake In New York Times

What You Should Have Read, Sept. 11, 2008

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Carlos Slim Helu, World's Second Richest Man, Buys Large Stake In New York Times

The AP via Huffington Post notes that Mexican financier Carlos Slim Helu and members of his family now own 6.4% of publicly traded shares in The New York Times Co., according to a regulatory filing Sept. 10.The 9.1 million Class A Common Shares were purchased by Inmobiliaria Carso, S.A. de C.V, a Mexican holding company controlled by members of the Slim family, according to a disclosure report the company filed with the Securities and Exchange Commission. The filing listed Sept. 4 as the date of the purchase. Other major shareholders in the Times include the Ochs-Sulzberger family, which owns a controlling interest, and the hedge fund Harbinger Capital Partners. A Times company representative declined to comment. Chairman Arthur Sulzberger Jr. has repeatedly said the company is not for sale, including in April on the same day Harbinger nominees won two seats on the Times board of directors.
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