NEWSMAX / REUTERS: Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co after exercising warrants to double his stake in the publisher to 16.8 percent…
New York Times, controlled by the Ochs-Sulzberger family through Class B shares, paid back the loan in 2011.
New York Times, which has been under pressure to replace an evaporating pool of print advertising dollars with digital ads and money from subscriptions, projected in November a further decline in advertising sales for the current quarter… (more)
