NEW YORK - THE New York Times will get a US$250 million (S$377.6 million) investment from one of the world's richest men, Mexican billionaire Carlos Slim, a move that will give the company much-needed time to clear financial hurdles.
Mr Slim, 68, who also owns 6.9 per cent of the Times's stock, will receive warrants in the company that could give him an eventual 17 per cent interest in the publisher.
