And speaking of smart investments, Mexican mogul Carlos Slim has just spent $128 million to acquire a 6.4% of The New York Times, just because there is nothing more satisfying to a Mexican than owning an influential newspaper al otro lado. Or perhaps he just ran out of stuff to acquire down here.
Very soon, sooner than you think, the paper’s name will be changed to “El Taims” and there will be lots of T&A, soccer and Sanborn’s ads. ¡Viva México!
Photo: Keith Dannemiller