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The NY Times Massive Debt

The New York Times has $46 million in cash and a total debt load of $1.1 billion. Gulp.

Billionaire Carlos Slim has given the cash-strapped New York Times $250 million.

Via, Media Memo.

by A Photo Editor on January 20, 2009 · 4 comments


{ 4 comments }

1 nina January 20, 2009 at 3:07 pm

holy cow.

2 Sam January 21, 2009 at 12:25 am

The way it’s written it seems like an almost (unbelievable) philanthropic act.

It’s just another loan.

3 Thomas Semesky January 21, 2009 at 1:46 pm

My question would be: What is Carlos Slims connection to the New York Times? You just don’t give someone that much money without strings attached.

4 ann crimmons January 23, 2009 at 5:57 pm

i guess kathy ryan still found the money to hire a british photographer, fly him in and shoot the worst portraits . how patriotic.

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