Thursday, September 11, 2008

Slim Takes A Fat Stake In The New York Times

Mexican billionaire Carlos Slim has taken a 6.4% stake in The New York Times Co., according to a Securities and Exchange Commission filing.

Forbes lists Slim as the world's second-richest man.

The Ochs-Sulzberger family maintains control of the company through ownership of a special class of super-voting shares.

-EPJ Newsdesk

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