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Thursday, September 11, 2008

Mexican billionaire buys stake in NY Times and Boston Red Sox

"The purchase makes (Carlos) Slim the third-biggest shareholder in New York Times outside of the company's controlling Sulzberger family....The stake is passive, according to the filing. Slim may be buying the shares in a bet that a third party may acquire New York Times, said Hal Vogel, a New York media analyst. Starting in January, Harbinger and Firebrand Partners pushed for New York Times to sell the Boston Globe and a 17 percent stake Mr. Slim's recent US purchases include:
  • "Saks, owner of the Saks Fifth Avenue stores;
via Poynter.org/Romenesko

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