The New York Times: More risky than a British bank
Posted
by
Peter Kirwan
on 20 January 2009
at 10:54
Tags: Journalism
Carlos Slim, the Mexican telecoms billionaire, gave the New York Times $250m last night. With this money, the Times stands a better chance of refinancing $400m-worth of debts in May.
But look at the jaw-dropping interest rate Slim wants in return: 14%.
When it bailed out Royal Bank of Scotland, Lloyds TSB and HBOS in October, the [...]
Tags: Journalism
