Reuters: Mexican billionaire Carlos Slim could bail out New York Times
January 19th, 2009Posted by Laura Oliver in Editors' pick, Newspapers
Slim is reportedly in talks with newspaper about cash investment, which could pay off title’s debts.
Tags: Carlos Slim, New York Times
Similar posts:
- MediaGuardian: Montgomery empire has two months to solve financial woes
- NewsDay: Defunct Zimbabwe publisher fights NewsDay for its name
- City A.M.: Capital Ideas group makes bid for Observer
- FT.com: US magazines planning digital store
- Northern Echo invests £10,000 in bid to ‘save’ Darlington Football Club
February 11th, 2009 at 7:30 pm
This whole bailout mindset makes me sick. All we’ve done the past 8 years is spend and spend, and look where we are. Why do we think spending even more will make things better? Also, do we really want to reward companies for failing? Because that is basically what it is. People are learning that if your company fails, then the government will be there to pick it up. It is the same mentality as welfare was in the 90′s. And we all know that went too far and had to be ended. Are we going to have to face an economic collapse in order for people to realize welfare for companies is not what we need?