Comment by eddythompson80
3 days ago
How is taking a loan a subsidy? do you understand how loans work?
It's no different -> Paid subscriptions have never been a significant source of revenue to newspapers -> well, they were struggling in 2009 -> they took a loan that one time -> ...
If the NYT could sell those shares at the market price, they'd have been able to sell them to public markets. The only reason they'd possibly have to transacting with an individual is if there was something about the deal that exceeded the debt or equity financing available publicly.
What shares are you talking about? Debt != shares
From wikipedia:
> Slim's investments in the company included large purchases of Class A shares in 2011, when he increased his stake in the company to 8.1% of Class A shares,[43] and again in 2015, when he exercised stock options -- acquired as part of a repayment plan on the 2009 loan -- to purchase 15.9 million Class A shares, making him the largest shareholder.
[my emphasis, https://en.wikipedia.org/wiki/The_New_York_Times_Company ]
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