Originally published Monday, January 19, 2009 at 8:25 PM
Comments (2) 
E-mail article 
Print view
NY Times Co. gets $250M from Mexican billionaire
The New York Times Co. says it has approved a $250 million investment by Mexican telecommunications billionaire Carlos Slim Helu.
The New York Times Co. says it has approved a $250 million investment by Mexican telecommunications billionaire Carlos Slim Helu.
The financing agreement is with Slim's companies Banco Inbursa and Inmobiliaria Carso for $125 million each.
The Times Co. has been struggling with faltering advertising sales and faces deadlines to repay hundreds of millions of dollars in debt.
Times President Janet L. Robinson says the cash infusion will be used to refinance existing debt, including some borrowed under a revolving credit line that matures in May. She says Monday's agreement provides the company with increased financial flexibility.
In September, Slim and his family bought 6.4 percent of the Times Co.'s publicly traded shares.
Copyright © 2009 The Seattle Times Company
E-mail article
Print view
Digg
Newsvine
Chase shrugs off loss of CD investors
Sunday Buzz: Expedia, Intelius, Classmates slapped by Senate report
Denny Triangle gains skyline, but tenants slow to come
UPDATE - 08:56 PM
Senate Democrats at odds over health care bill
Your Funds: Money for nothing: Some investors pay for advice they never get
LA Galaxy's David Beckham
Los Angeles Galaxy's David Beckham talks about the upcoming MLS Cup final during after a team practice.
Real Salt Lake's Kyle Beckerman
MLS trophy arrives in Seattle
Chittenden Locks Inspection
Interview with New Moon actors
Full interview with New Moon actors
Artistic Roller Skating
Girls Soccer: Mercer Island vs. Glacier Peak
Smash Putt! Miniature Golf
Opening day at Crystal Mountain
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
How to tell your office you're gravely ill
Post a comment
nwautos
Choosing a new sedan? Weigh the impact of your choice on your wallet and on the planet.
Post a comment
Open Houses | Find this weekend's open house listings.  Or search by location: |
- 'The Road' takes Viggo Mortensen to Mount St. Helens and Astoria, Ore.
- Craigslist adoption ad: A plea by young mother-to-be? A scam?
- Italian lead prosecutor argues Knox motive was hatred
- Tugboat sinks on Seattle's waterfront
- Child-support error costs nearly $21,000
- Italian prosecutors request life sentence for UW student
- Man shot in chest on E. Union Street in Capitol Hill
- Washington state wines make annual best-of list
- Chase shrugs off loss of CD investors
- Mariners Blog | A Mariners-Tigers swap makes a whole lot of sense for both teams
- Senate vote clears hurdle 237
- Tight Senate vote launches health care over hurdle 119
- Child-support error costs nearly $21,000 119
- Vikings easily beat the Seahawks 116
- Palin excitement builds in Tri-Cities 116
- Prosecutor requests life in prison for Amanda Knox 88
- Cutting through breast-cancer confusion 88
- Game thread 70
- New York terror trials will restore faith in rule of law 53
- Chase shrugs off loss of CD investors 48
- Washington state wines make annual best-of list
- Nonprofits get creative using Twitter and Facebook to make donation easier
- It's possible to recover a life lost to hoarding
- Lynnwood is reinventing itself — again
- Great places to cross-country ski for free (or almost) in the Methow
- 'The Road' takes Viggo Mortensen to Mount St. Helens and Astoria, Ore.
- Child-support error costs nearly $21,000
- Recipes: Sesame Pork Roast, Sour Cream Mashed Potatoes, Gingerbread with Lemon Sauce and more
- Banff: powder, peaks & purity
- 175 foster kids in Washington get 'forever families'
