Jon Meacham said he had two voicemails from billionaires on Wednesday afternoon, following the announcement that his magazine was for sale.
Carlos Slim Helú, the richest man in the world, was not one of those billionaires, but he did pay a visit to Newsweek‘s Hudson Street offices on Wednesday afternoon to get Read More
That ‘gut call’ on the future of nytimes.com might not be weighing too much on the mind of one of its largest stakeholders—and the world’s third richest man—since, somehow, Carlos Slim doesn’t use a computer.
Two weeks ago The Atlantic‘s Michael Hirschorn crunched some numbers and determined that the New York Times Company might be in such bad shape it could be forced to cease printing The New York Times "like, this May."
Mr. Hirschorn’s essay resulted in much hand-wringing in Medialand: Portfolio‘s Felix Salmon re-checked Mr. Hirschorn’s Read More
So Carlos Slim Helú, the richest man in Mexico and one of the richest in the world, has purchased a 6.4 percent stake in Times Company. Richard Pérez-Peña reports: "[Times Company] stock closed on Wednesday at $13.96 a share, down 4 cents, giving the Slim family’s 9.1 million shares, a value of $127 million." Read More
