Mexican billionaire Carlos Slim has increased his stake in the New York Times, buying 553,000 more shares of stock. Guess he's trying to become a Mexican millionaire.
Considering what happened to the last US company Carlos Slim made a big investment in - CompUSA - this is actually good news.
It's also interesting because of the public protestations by both NYTCo. and Slim that Slim is merely an "investor" and has no plans or interest in getting involved in the company's operations.
That is very out of character for Mr. Slim, whose normal MO is to buy an ailing company when its stock price is down and then take over operations to turn it around.
I'm thinking that Mr. Slim has been a bit jealous of Rupert Murdoch and would like to see if he, Slim, can go head to head with Murdoch in the newspaper/information business.
Who knows, perhaps after 2012 we might wake up one morning and see the paper "Tiempo de Nueva York" on the stands.