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Someone says NY Times need 200 million dollars.

 

Want to Lend the New York Times Some Money?

by Peter Kafka
Posted on November 1, 2010 at 5:25 AM PT

The publisher says it will launch a $200 million debt offering, and will use the money for “general corporate purposes including, among other things, to pay down debt and other financial obligations.” The company had previously announced that it would pay off the $250 million it owes Mexican billionaire Carlos Slim ahead of schedule, but didn’t say where it would get the money. So go ahead and connect a dot or two if you’d like.

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One thought on “NY Times need money?

  1. Wow! It’s amazing to know that an all American institution like the New York Times owes a Mexican $250 million. I hope Mexicans in the US know this, so they can feel some pride.

    Too often in America, Mexicans are stereotyped as a suffering people who will do anything including risk their lives to come to the US to have a better life.

    They are often accused of fleecing the health care system, sneaking across the border, being involved in gangs and being arrested.

    I am not saying none of them fall into this category. The truth is that many of them do, however, thanks to the overwhelming power of American media, one would think all of them do, which is not the case.

    The writer, Chimamanda Adichie talks about this in her video on TED titled, The danger of a single story. Her analysis really makes one think deeply about the danger of a single story, and how we fall into the trap of thinking that way.

    Feel free to view the video at http://www.ted.com/talks/chimamanda_adichie_the_danger_of_a_single_story.html

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