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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Ann Corrigan who wrote (60822)	3/9/2009 11:06:44 PM
From: MJ	2 Recommendations Read Replies (2) \| Respond to of 224705

So they went to Carlos Slim for the $, a Mexican Billionaire-----read an article about him last year now will have to research and see what he does----think it was Fortune that had an article on the wealthiest people in the world and his name came up. "The office sale is the latest financial sacrifice that the Times company has made to ensure it has enough money to repay its debts. It also suspended its shareholder dividend to save about $133 million this year and secured a $250 million infusion from Mexican billionaire Carlos Slim by agreeing to pay an abnormally high interest rate of 14 percent in addition to giving him potentially valuable stock warrants. Although management got the cash it wanted from the office sale, it probably was a difficult pill to swallow, said bond analyst Mike Simonton of Fitch Ratings."