The New York Times infused their company with $250 million, obtained from billionaire Carlos Slim- at an interest rate of approximately 14%. According to The Wall Street Journal, "The main reason for Times Co.'s liquidity crisis is that it borrowed heavily when business conditions were better."Carlos Slim, the new New York Times' investor, is reportedly one of the planet's richest men. His financial wealth has been estimated at a combined figure of $60 billion.
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