The New York Times
is getting a very generous helping hand!
The newspaper of record is receiving a $250 million investment
from Mexican billionaire Carlos Slim Hel.
Slim currently owns 6.9% of the Times
' stock. He'll now receive warrants in the company, which could give him up to 17% ownership, making him one of the largest shareholders.
The New York Times Co. also owns The Boston Globe
along with other U.S. papers. However, the