Mexican Billionaire / Open Borders Propagandist Ups His New York Times Stake to 17%

The Mexican billionaire Carlos Slim Helú has more than doubled his stake in The New York Times Company, to nearly 17 percent, the company said on Wednesday.

Mr. Slim exercised warrants to acquire nearly 16 million shares of the company’s Class A stock at a price of over $6.36 a share, the company said, increasing his stake from 7 percent. He now owns nearly 28 million shares in total.

The company received more than $100 million in the transaction, it said, which it intends to use to repurchase Class A shares – a different category from the controlling Class B shares held by the Sulzberger family.

Mr. Slim, who made his money in telecommunications across Latin America, is one of the world’s richest people, worth about $72 billion, according to Forbes. He lent the Times Company $250 million, at an interest rate of 14 percent, in 2009; at the time, with the world economy struggling and credit tight, the company looked to be in peril. The loan was repaid in 2011, more than three years before it was due. But the warrants, which expired this month, were issued in connection with that deal.

“The option is a lower price,” Mr. Slim said in an interview with Reuters last July. “I’m sure we should exercise the option, but we look at it like a financial investment that has been very good.”

Ann Coulter wrote about the Times “Sugar Daddy” last year.

Whose Sugar Daddy Is More Loathsome? The Koch Brothers? The Olin Foundation? Monsanto? Halliburton? Every time, Carlos Slim would win by a landslide. Normally, Slim is the kind of businessman the Times—along with every other sentient human being—would find repugnant.

Frequently listed as the richest man in the world, Slim acquired his fortune through a corrupt inside deal giving him a monopoly on telecommunications services in Mexico. But in order to make money from his monopoly, Slim needs lots of Mexicans living in the United States, sending money to their relatives back in Oaxaca. Otherwise, Mexicans couldn’t pay him—and they wouldn’t have much need for phone service, either—other than to call in ransom demands.

Back in 2004—before the Times became Slim’s pimp—a Times article stated: “Clearly . . . the nation’s southern border is under siege.”² But that was before Carlos Slim saved the Times from bankruptcy. Ten years later, with a border crisis even worse than in 2004, and Latin Americans pouring across the border, the Times indignantly demanded that Obama “go big” on immigration and give “millions of immigrants permission to stay.” What a difference one thieving Mexican billionaire makes!

True, it’s not unusual for the Times to root for the destruction of the United States.

Support the Trump Movement and help us fight Liberal Media Bias. Please LIKE and SHARE this story on Facebook or Twitter.