Tuesday, January 20, 2009

Don't Do It, Carlos Slim!

As of September, The New York Times had $46,000,000 in cash, but owed over $1,000,000,000 in debt. I'll bet they have much less in cash today. They are having a board meeting nest week to consider their situation. They are trying to convince a Mexican billionaire to invest in them. His name is Carlos Slim Helu, and he is allegedly the world's second richest man.

1 comment:

Terri Wagner said...

Well, the NYT never learned their lesson methinks they never will.