Having Nothing Else to Buy in Mexico, Carlos Slim Buys Stake in the New York Times

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

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4 Responses to Having Nothing Else to Buy in Mexico, Carlos Slim Buys Stake in the New York Times

  1. FerGil says:

    Well, good ol’e Carlos is probably running out of stuff to buy down here (yup, I’m in Mexico City) but I doubt that Mr. Slim is the worse thing that could happen to the NYTimes… how about Murdoch? Now THAT would be doom for the paper…

  2. Julio César says:

    Well if he hires to do some advertisments he could use the “Hablele” guy from his Telmex commercials, just to give them the “local” flavor!

  3. Rosaxe says:

    I hope he’ll include coupons for Vicks VapoRub.

  4. elconejo says:

    first phase of reconquista, buy a newspaper..:)

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