Mexican mogul Slim sees opportunity in NY Times - Yahoo! Finance
MEXICO CITY (AP) — A Latin American billionaire looks to expand his empire in the United States in a deal that could make him the largest shareholder of The New York Times Co.
A Mexican national sinks a quarter-billion into the lefty propaganda organ, the New York Times. Apparently the Sulzbergers couldn’t find an open and avowed communist to bail them out.
Although commies don’t tend to make the sort of money necessary to support Pinch’s family biz. They steal enough, sure, but that doesn’t generally end up in risky journalism investments. US bonds, maybe, but not financial disaster areas like the NYT’s balance sheet.
Submit to Stumbled Upon!
This will delay the reckoning, but not deny it. Newsprint is generationally constrained, horrifically inefficient compared to its new competitors, and tainted with its ever-increasing bias. They’re as relevant as monastic copyists became after the dawn of the printing press.
How can you become a millionaire? Start with a billion dollars and buy newspapers.