NEW YORK — Carlos Slim, the Mexican magnate believed to be the world’s richest individual, has increased his stake in the The New York Times Co. to 8.1 percent, regulatory filings showed Thursday.
The latest buying of shares this week came less than two months after Slim increased his stake to 7.5 percent in the newspaper group, which has struggled to find its footing amid the transition to digital media.
Shares in the company jumped 12.7 percent to $6.75 on the news that Slim purchased 850,000 shares, based on filings with the Securities and Exchange Commission.
The publisher of The New York Times was feared to be on the verge of bankruptcy just two years ago after the global financial crisis triggered a sharp drop in the advertising market.
Slim is one of the largest individual shareholders in The New York Times Company outside of the Sulzbergers, the wealthy US family that controls the company through its class B voting shares.
With assets ranging from telecommunications to oil and art, Slim has been at the top of the Forbes richest list for two years in a row. The magazine put his fortune at $74 billion this year.
Besides its renowned flagship newspaper, The New York Times Company owns the International Herald Tribune, The Boston Globe, 15 other newspapers and various websites.
Chuck Todd goes ballistic on AOC for using ‘concentration camps’ – and Dems for not condemning her
MSNBC's Chuck Todd says "you can't call" the concentration camps at our southern border "concentration camps."
"Be careful," Todd warned – comparing the Trump administration's camps, where we are keeping migrants, including many children, against their will, in horrific conditions – "comparing them to Nazi concentration camps. Because they're not at all comparable in the slightest.His tone was one of anger and personal outrage.
He is extraordinarily wrong.
Todd, who hosts NBC's "Meet the Press" and MSNBC's "Meet the Press Daily," also serves as the network's political director. Perhaps he should reach out to a few historians and a few experts on authoritarianism, maybe experts in Nazi concentration camps, before opining in such a degrading and condescending manner (watch the video below.)
How the New York media covered the Stonewall riots
The Stonewall riots were a six-night series of protests that began in the early morning of June 28, 1969, and centered around the Stonewall Inn, a gay bar in New York City.
Four days earlier, on June 24, 1969, the police, led by Deputy Inspector Seymour Pine, raided the Stonewall Inn and began arresting bar employees and confiscating liquor. But when Pine led a second raid on the 28th, patrons fought back. Approximately 150 people fled, regrouped on the street and stormed the bar, trapping the police inside. The protesters began throwing bricks, bottles and garbage, and attempted to set the bar on fire.
Jon Stewart’s journey from satirist to political advocate is no laughing matter
When Jon Stewart quit the Daily Show, the satirical news and comedy show he hosted for 16 years until August 2015, he explained to his replacement, Trevor Noah, that he was tired – and angry at the state of politics and political discourse in the US. As Noah reported:
He said ‘I’m leaving because I’m tired.’ And he said, ‘I’m tired of being angry.’ And he said, ’I’m angry all the time. I don’t find any of this funny. I do not know how to make it funny right now, and I don’t think the host of the show, I don’t think the show deserves a host who does not feel that it is funny.‘