New York Times' Foe and Savior Team Up
What alliance between Slim, News Corp. could mean for paper
The New York Times better watch its back: Two people who represent serious threats to its existence in its current form have come together in an unusual alliance. Rupert Murdoch’s News Corp. and Mexican telecommunications mogul Carlos Slim have discussed joining forces to make a bid for control of Formula One racing.
Given Murdoch's notorious antipathy towards the Times, News Corp. has chosen an interesting partner in Slim, the world’s richest person, considering the financial hold he has over the paper.
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