The New York Times Gets Some Help From A Wealthy Friend

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

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