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Mexican magnate Carlos Slim and the Italian group Proto will be the principal shareholders of the US daily The New York Times (NYT), Slim plans to exercise at the end of this year warrants he received when he made a major loan to the newspaper company, according to a report in Bloomberg.
”This agreement for joint participation in 19% of NYT capital was taken in New York by Carlos Slim and Alessandro Proto (president of the group), and will be finalized next week,” the sources said.
The sources said that together they will possess 19% of the capital, with Slim holding 17% and Proto 2%. Slim currently holds 8%.
The editorial line will remain in the hands of the original shareholders, the Ochs-Sulzberger family.
”This agreement for joint participation in 19% of NYT capital was taken in New York by Carlos Slim and Alessandro Proto (president of the group), and will be finalized next week,” the sources said.
The sources said that together they will possess 19% of the capital, with Slim holding 17% and Proto 2%. Slim currently holds 8%.
The editorial line will remain in the hands of the original shareholders, the Ochs-Sulzberger family.
