Another conflict the Globe will have to mention in its stories
By adamg - 1/20/09 - 1:12 pm
Well, if it ever wrote about Mexico, that is. Time fills in what the New York Times Co. left out in its press release about its new best friend, Carlos Slim (who, it turns out, already owned 6.9% of Times stock before tossing the company a $250-million lifeline today):
NYT has $400 in debt due in May. It needs to get itself time to sell off some of its properties like The Boston Globe. Having Slim come to the rescue may be a bit of an embarrassment to The Times. His past business practices may be pristine, but there have been reasonable observations that they have not been.
Comments
Deal
Hey, if that's all it is, I got ya covered. Now, there's gonna be a few changes around here... :)
I'll put in a couple of shekels, too
Not for nytimes co., but to hire a copy editor for Time.
Live Blogging at RedMassGroup
I was live Blogging it at Red Mass Group
Was this fact-checked?
It says "Several newspaper chains are already in the process of liquidation, particularly Journal Register and Gatehouse."
Now GateHouse may not be in the best of financial health, but I've heard nothing about it being "liquidated".
if there's one thing you can count on,
it's objectivity and transparency from the Globe!