Carlos Slim is one of the world's richest men. He is a great businessman and has created lots of jobs.
A couple of years ago, someone persuaded Mr Slim to save The New York Times, or the # 1 left wing newspaper in the US: Mr Slim invested $250 million to save the newspaper!
Mr Slim is not stupid: he got 14% interest
Mr Slim needs to sit down with his financial advisers and get a report on the investment.
This is because The NY Times continues to have a circulation problem: "In the last year, circulation at The New York Times dropped 5.2 percent on Sunday, to 1.4 million copies, and 8.5 percent on weekdays, to 950,000."
Yes, newspaper circulation is down because people are getting their news from the Internet rather than old fashioned newspapers.
However, you can not discount the irresponsible editorial page and the kind of reckless reporting that we saw around the Arizona shooting.
Mr Slim can do his pocket and journalistic integrity a big favor.
Pull the plug on The NY Times and distance himself from the likes of Paul Krugman and Frank Rich!
P.S. By the way, P.J. O'Rourke wrote this about the Arizona shooting and the pathetic performance by The NY Times: The Times Loses It----Sense and nonsense about Tucson
"In the matter of self-serving, bitter, calculated cynicism, there wouldn’t seem to be much left to prove against the Times.
Judging by what I’ve heard from my fellow conservatives, the issue is decided. The New York Times is a worthless, truthless, vicious institution. But I disagree.
I think things are worse than that.
A reaction so disproportionate and immaterial to a news story by a news organization is indicative of trouble in the body politic—trouble almost as severe as that which the Times claims the Giffords shooting indicates.
I worry that in the tremors and hysteria of the Times we’re seeing the sad end of liberalism."
We don't know if this is the end of liberalism......we are hoping that it is the end of The NY Times.
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