The New York Times has $46 million in cash and a total debt load of $1.1 billion. Gulp.

Billionaire Carlos Slim has given the cash-strapped New York Times $250 million.

Via, Media Memo.

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  1. holy cow.

  2. The way it’s written it seems like an almost (unbelievable) philanthropic act.

    It’s just another loan.

  3. My question would be: What is Carlos Slims connection to the New York Times? You just don’t give someone that much money without strings attached.

  4. i guess kathy ryan still found the money to hire a british photographer, fly him in and shoot the worst portraits . how patriotic.

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