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"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Monday, August 12, 2013

NY Times sold Boston Globe for 70 Million (carrying 14% interest on 250 million$ loan from Carlos Slim in 2009)

Anyone got an update on the NY Times 250 mil loan?  Did it get paid off already?

NYTimes  had to take it out just seven months after  releasing (front page 10/06)  my US DOJ EPA 1998 73 page conf for settlement purposes only document (a document that hid Asarco, Dupont and Englehard were acting as a US DOE High level radioactive waste disposal contractors while burning unlisted illegal materials at El Paso's smelter for big $$.)   The Asarco hedge fund creditor Harbinger spent huge sum of money those following months to try to buy control of the NY Times Board, but failed.  NYTimes took out loan (below) with Slim, who later had Slim's company take big control of Asarco SPCC mine.  (use internal search engine to read more).   


"Within a single week, Amazon founder Jeff Bezos agreed to spend $250 million to buy The Washington Post from the Graham family and Red Sox owner John W. Henry declared his intention to acquire The Boston Globe from The New York Times Co. for $70 million.

Earlier this summer, BH Media, the newspaper division of billionaire Warren Buffett's Berkshire Hathaway outfit, said it was snapping up The Press of Atlantic City for an undisclosed sum. BH Media already owned dozens of newspapers, including the Richmond Times-Dispatch and the Omaha World-Herald.

Meanwhile, the arch-conservative billionaire brothers David and Charles Koch are still believed to be angling for the Los Angeles Times over the loud objections of the newspaper's own staff. "
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Saturday, May 23, 2009

NYTimes now in debt to Carlos Slim and Harbinger has two seats on its board....
"Harbinger acquired its stake in the NYTimes in 2007. Since then, the $500 million investment has lost more than three quarters of its value. Harbinger has two seats on the Times board of directors."..."The Times' $1 billion-plus in debt forced it to take a loan from Mexican billionaire Carlos Slim worth $250 million earlier this year.[2009] The Times paid $4.5 million up front to borrow the money and will pay 14% interest." http://www.thewrap.com/article/fortune-geffen-almost-had-his-hands-new-york-times)
Posted by Elpaso at Saturday, May 23, 2009 

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