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.
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.
{ 4 comments }
holy cow.
The way it’s written it seems like an almost (unbelievable) philanthropic act.
It’s just another loan.
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.
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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