nyt financing thumb The New York Times Raises Funding of $250M

The  New York Times went into an agreement with a bunch of companies: Banco Inbursa, S.A., Institucion de Banca Multiple, Grupo Financiero Inbursa and Inmobilaria Carso; all connected to Mexican billionaire Carlos Slim. The funding was reportedly for $250 million.

The newspaper company would use these funds to clear their existing debts.

Press Release