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Tuesday, January 20, 2009
New York Times gets some help from Mexico
First, the New York Times broke with tradition with a decision to sell advertising space on its front page.
Now the struggling New York daily has confirmed it has reached an agreement to take a $250 million investment from Mexican billionaire Carlos Slim Helú to finance its debt.
Posted by Matthew Johnston
Posted by Western Standard on January 20, 2009 | Permalink
Comments
The print newspaper business model is dead.
Posted by: epsilon | 2009-01-20 6:48:20 PM
I think Ol Carlos is about to take a big financial hit.
Posted by: jc | 2009-01-20 9:13:17 PM
...does that mean Taco Bell will become a national food?
Posted by: tomax7 | 2009-01-20 10:24:05 PM
Anyone know what Rupert Murdoch's finances are looking like these days?
I gather he's been angling for a piece of the Times.
Posted by: Kalim Kassam | 2009-01-20 11:20:54 PM
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