New York, Sept. 12 : Mexican magnate Carlos Slim''s purchase of six per cent of the “Old Grey Lady”, as the New York Times is referred to from time to time, has triggered more speculation about the sale of the newspaper.
According to the NYT, Slim clawed himself back to the No 2 spot on the world''s rich list with purchases that stretch from cigarette manufacturers, to restaurant chains, to car parts distributors, to – most lucratively – telecoms companies.
And when he puts down 120 million dollars, people take notice. When that bet is on a 6.4 per cent holding in the beacon of the United States newspaper business, The New York Times Company, people take a lot of notice.