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| Slim |
Mexican billionaire Carlos Slim increased his stake in newspaper publisher New York Times Co. to 8.1%, according to filings late Wednesday with the U.S. Securities and Exchange Commission. The move lifted New York Times stock 12% today. Slim acquired a 6.4% stake in New York Times in 2008.
The Big Board
Mid-afternoon prices for major newspaper publishers vs. the S&P 500 index and the Dow Jones Industrial Average:
- Gannett: $10.48, up 0.2%
- Lee: 75 cents, unchanged
- Media General: $1.34, up 11.7%
- McClatchy: $1.48, up 8.8%
- E.W. Scripps: $6.66, up 2%
- S&P: up 1.4%
- Dow: up 1.3%
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