Every day for months now, pundits and peanut gallery members have weighed in on the subject of what The New York Times might do to save itself. The prevailing wisdom is that the Times - arguably the most influential and well-regarded newspaper on the planet - is in peril of disappearing, and jeez, if the Grey Lady can't survive, who will, and what does that portend for the future of journalism? But that's an overstated view - in reality, the Times newspaper is holding up better than many of its competitors amid the media meltdown, and the company's problems are largely corporate in nature. So a better question is: who might end up controlling the newspaper and what will they do with it?
To executives of phone company BCE (BCE), which this week said it would acquire 756 consumer electronics stores in Canada from troubled retailer Circuit City, Tech Daily offers four words of caution: Nobody Beats the Wiz.
The New York Times Co., like many print-oriented news operations these days, is having trouble finding a business strategy that will let it make a decent profit and generate the capital it needs. But its tax experts are operating as well as ever.
Let's say that you are the world's richest man (give or take) and are looking for smart places to put some of your hard-earned coin in these tricky times. Clearly, there are no shortage of distressed or at least highly motivated businesses out there. And let's say that one of the candidates is the New York Times Company, whose woes along with the rest of the newspaper industry's have already cost you half of the roughly $120 million investment you put into it last fall as a common shareholder. You might be inclined to play it safe and take a pass a second time around -- but then you wouldn't be Carlos Slim Helu, would you?
The New York Times company said Monday it was getting $250 million in financing from companies controlled by Mexican billionaire Carlos Slim Helu, with the money to be used to refinance existing debt.
The New York Times said it was getting $250 million in financing from companies controlled by Mexican billionaire Carlos Slim Helu, with the money to be used to refinance existing debt.
In another step in the worldwide march of Apple Inc.'s iPhone,
the top mobile phone operator in Latin America said Wednesday that it
has inked a deal to bring the multimedia gadget to more than a dozen
countries starting later this year
Forbes' list of the world's wealthy has named Warren Buffett the richest person on the planet, surpassing his friend and philanthropic partner Bill Gates who had held the title for 13 consecutive years.
Every day for months now, pundits and peanut gallery members have weighed in on the subject of what The New York Times might do to save itself. The prevailing wisdom is that the Times - arguably the most influential and well-regarded newspaper on the planet - is in peril of disappearing, and jeez, if the Grey Lady can't survive, who will, and what does that portend for the future of journalism? But that's an overstated view - in reality, the Times newspaper is holding up better than many of its competitors amid the media meltdown, and the company's problems are largely corporate in nature. So a better question is: who might end up controlling the newspaper and what will they do with it?
To executives of phone company BCE (BCE), which this week said it would acquire 756 consumer electronics stores in Canada from troubled retailer Circuit City, Tech Daily offers four words of caution: Nobody Beats the Wiz.
The New York Times Co., like many print-oriented news operations these days, is having trouble finding a business strategy that will let it make a decent profit and generate the capital it needs. But its tax experts are operating as well as ever.
Let's say that you are the world's richest man (give or take) and are looking for smart places to put some of your hard-earned coin in these tricky times. Clearly, there are no shortage of distressed or at least highly motivated businesses out there. And let's say that one of the candidates is the New York Times Company, whose woes along with the rest of the newspaper industry's have already cost you half of the roughly $120 million investment you put into it last fall as a common shareholder. You might be inclined to play it safe and take a pass a second time around -- but then you wouldn't be Carlos Slim Helu, would you?
The New York Times company said Monday it was getting $250 million in financing from companies controlled by Mexican billionaire Carlos Slim Helu, with the money to be used to refinance existing debt.
The New York Times said it was getting $250 million in financing from companies controlled by Mexican billionaire Carlos Slim Helu, with the money to be used to refinance existing debt.
In another step in the worldwide march of Apple Inc.'s iPhone,
the top mobile phone operator in Latin America said Wednesday that it
has inked a deal to bring the multimedia gadget to more than a dozen
countries starting later this year
Forbes' list of the world's wealthy has named Warren Buffett the richest person on the planet, surpassing his friend and philanthropic partner Bill Gates who had held the title for 13 consecutive years.
Carlos Slim, the richest man in the world (net worth: approximately $59 billion), has made his fortune investing in undervalued companies, patiently waiting for them to rebound.
I remember there was a time when the value of his enterprises was very low," recalls Patrick, the youngest son of Carlos Slim Helú. It was the early 1980s, and Mexico was in the depths of a massive financial crisis. Periodically the elder Slim would round up his three teenage sons for an economics lesson. Sitting them down in the living room of the family home, Slim would produce a single handwritten list. One line would show, for instance, how a Mexican insurance company was selling for far less than a similar American insurer. Another would show that compared with European candy or cigarette makers, Mexican manufacturers were drastically undervalued. "It was a very, very long time ago," says Patrick, "but I absolutely remember him teaching us at an early age."
Randall Stephenson, the 47-year-old Oklahoman who takes over as chairman and CEO of AT&T in a few weeks, likes to download movies to his computer (legally), uses blogs to keep up with industry news, and gets high-definition television pumped through his home telephone line.
In the hills above Mexico City, well-to-do supporters of presidential candidate Felipe Calderón hand the keys of gleaming late-model cars to parking attendants, then listen approvingly as he calls ...
The board of MCI will push Verizon Communications to improve its offer for the company, according to published reports, after shareholder outcry over Verizon paying a premium to MCI's largest shareholder.
Technology stocks took a beating earlier in the day before staging a ninth inning comeback, shaking off much of the earlier losses on good news from PeopleSoft and Global Crossing.
Believe it or not, people still subscribe to Prodigy--you remember, the original online service, the one America Online left in its dust? In fact, there are 600,000 such souls, lonely but still log...
{
"threshold" : "20",
"tag" : {
"id" : "19677",
"type" : "PERSON",
"name" : "Carlos Slim",
"key" : "Carlos_Slim"
},
"assets" : [
{
"id" : "1783024",
"weight" : "53",
"type" : "document",
"site" : "fort",
"site-url" : "http://money.cnn.com",
"site-display-text" : "Fortune",
"siteId" : "/2009/05/11/news/companies/siklos_nyt.fortune/index.htm",
"publishDate" : "2009-05-11T21:07Z",
"headline" : "Who will control the New York Times?",
"wool" : "Fortune: ",
"tease" : "Every day for months now, pundits and peanut gallery members have weighed in on the subject of what The New York Times might do to save itself. The prevailing wisdom is that the Times - arguably the most influential and well-regarded newspaper on the planet - is in peril of disappearing, and jeez, if the Grey Lady can't survive, who will, and what does that portend for the future of journalism? But that's an overstated view - in reality, the Times newspaper is holding up better than many of its competitors amid the media meltdown, and the company's problems are largely corporate in nature. So a better question is: who might end up controlling the newspaper and what will they do with it?",
"teaseImageUrl" : "",
"mediumTeaseImageUrl" : "",
"smallTeaseImageUrl" : "",
"largeTeaseImageUrl" : "",
"videoAttached" : "false",
"imageGalleryAttached" : "false"
},
{
"id" : "1706003",
"weight" : "32",
"type" : "document",
"site" : "fort",
"site-url" : "http://money.cnn.com",
"site-display-text" : "Fortune",
"siteId" : "/2009/03/05/technology/bce_circuit_city_purchase.fortune/index.htm",
"publishDate" : "2009-03-06T10:52Z",
"headline" : "Why do telcos dig retail?",
"wool" : "Fortune: ",
"tease" : "To executives of phone company BCE (BCE), which this week said it would acquire 756 consumer electronics stores in Canada from troubled retailer Circuit City, Tech Daily offers four words of caution: Nobody Beats the Wiz.",
"teaseImageUrl" : "",
"mediumTeaseImageUrl" : "",
"smallTeaseImageUrl" : "",
"largeTeaseImageUrl" : "",
"videoAttached" : "false",
"imageGalleryAttached" : "false"
},
{
"id" : "1655561",
"weight" : "65",
"type" : "document",
"site" : "fort",
"site-url" : "http://money.cnn.com",
"site-display-text" : "Fortune",
"siteId" : "/2009/01/22/news/companies/nyt_taxes.fortune/index.htm",
"publishDate" : "2009-01-22T16:43Z",
"headline" : "The New York Times' clever tax move",
"wool" : "Fortune: ",
"tease" : "The New York Times Co., like many print-oriented news operations these days, is having trouble finding a business strategy that will let it make a decent profit and generate the capital it needs. But its tax experts are operating as well as ever.",
"teaseImageUrl" : "",
"mediumTeaseImageUrl" : "",
"smallTeaseImageUrl" : "",
"largeTeaseImageUrl" : "",
"videoAttached" : "false",
"imageGalleryAttached" : "false"
},
{
"id" : "1654573",
"weight" : "100",
"type" : "document",
"site" : "fort",
"site-url" : "http://money.cnn.com",
"site-display-text" : "Fortune",
"siteId" : "/2009/01/21/news/companies/slim_new_york_times.fortune/index.htm",
"publishDate" : "2009-01-21T21:02Z",
"headline" : "Billionaire's Times bet: Double or nothing",
"wool" : "Fortune: ",
"tease" : "Let's say that you are the world's richest man (give or take) and are looking for smart places to put some of your hard-earned coin in these tricky times. Clearly, there are no shortage of distressed or at least highly motivated businesses out there. And let's say that one of the candidates is the New York Times Company, whose woes along with the rest of the newspaper industry's have already cost you half of the roughly $120 million investment you put into it last fall as a common shareholder. You might be inclined to play it safe and take a pass a second time around -- but then you wouldn't be Carlos Slim Helu, would you?",
"teaseImageUrl" : "",
"mediumTeaseImageUrl" : "",
"smallTeaseImageUrl" : "",
"largeTeaseImageUrl" : "",
"videoAttached" : "false",
"imageGalleryAttached" : "false"
},
{
"id" : "1652466",
"weight" : "32",
"type" : "document",
"site" : "money",
"site-url" : "http://money.cnn.com",
"site-display-text" : "CNNMoney",
"siteId" : "/2009/01/20/news/companies/nytimes_mexico/index.htm",
"publishDate" : "2009-01-20T14:25Z",
"headline" : "NY Times gets $250M infusion",
"wool" : "CNNMoney: ",
"tease" : "The New York Times company said Monday it was getting $250 million in financing from companies controlled by Mexican billionaire Carlos Slim Helu, with the money to be used to refinance existing debt.",
"teaseImageUrl" : "",
"mediumTeaseImageUrl" : "",
"smallTeaseImageUrl" : "",
"largeTeaseImageUrl" : "",
"videoAttached" : "false",
"imageGalleryAttached" : "false"
},
{
"id" : "1652145",
"weight" : "69",
"type" : "document",
"site" : "cnn",
"site-url" : "http://www.cnn.com",
"site-display-text" : "CNN.com",
"siteId" : "/2009/BUSINESS/01/20/nyt.mexico/index.html#cnnSTCText",
"publishDate" : "2009-01-20T08:08Z",
"headline" : "New York Times gets Slim boost",
"wool" : "",
"videoAttached" : "false",
"imageGalleryAttached" : "false"
},
{
"id" : "1587719",
"weight" : "20",
"type" : "document",
"site" : "money",
"site-url" : "http://money.cnn.com",
"site-display-text" : "CNNMoney",
"siteId" : "/2008/11/26/news/companies/saks/index.htm",
"publishDate" : "2008-11-26T22:37Z",
"headline" : "Saks attempts to ward off takeover",
"wool" : "CNNMoney: ",
"videoAttached" : "false",
"imageGalleryAttached" : "false"
},
{
"id" : "1035852",
"weight" : "23",
"type" : "document",
"site" : "time",
"site-url" : "http://www.time.com",
"site-display-text" : "Time",
"siteId" : "/time/business/article/0,8599,1738424,00.html?xid=feed-cnn-topics",
"publishDate" : "2008-05-08T16:00Z",
"headline" : "Apple Inks Latin American Deal For iPhone",
"wool" : "Time.com: ",
"videoAttached" : "false",
"imageGalleryAttached" : "false"
},
{
"id" : "854325",
"weight" : "28",
"type" : "document",
"site" : "cnn",
"site-url" : "http://www.cnn.com",
"site-display-text" : "CNN.com",
"siteId" : "/2008/WORLD/europe/03/06/money.forbes/index.html#cnnSTCText",
"publishDate" : "2008-03-06T21:06Z",
"headline" : "Buffett named world's richest man",
"wool" : "",
"videoAttached" : "true",
"imageGalleryAttached" : "false"
},
{
"id" : "852337",
"weight" : "31",
"type" : "document",
"site" : "people",
"site-url" : "http://www.people.com",
"site-display-text" : "People",
"siteId" : "http://www.people.com/people/article/0,,20182326,00.html?xid=rss-fullcontentcnn",
"publishDate" : "2008-03-06T00:06Z",
"headline" : "Facebook Founder Youngest Billionaire on the Planet",
"wool" : "People.com: ",
"videoAttached" : "false",
"imageGalleryAttached" : "false"
}
]
}
The page you requested cannot be found. The page you are looking for might have been removed, had its name changed, or is temporarily unavailable.
Please try the following:
• If you typed the page address in the Address bar, make sure that it is spelled correctly.
• Open the edition.cnn.com home page and look for links to the information you want.
• Use the navigation bar above to find the link you are looking for.
• Click the Back button to try another link.
• Enter a term in the search form below to look for information on CNN sites or the Internet.
