[thaumasiotes]

I'm looking at 2009 because the claim above was that newspapers other than the New York Times, but not the New York Times, are subsidized by billionaires, and 2009 is the year that the New York Times had to beg for a subsidy from a billionaire. Was that not clear from my comment?

[eddythompson80]

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 -> ...

[whatshisface]

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.

[eddythompson80]

What shares are you talking about? Debt != shares

[thaumasiotes]

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 ]

[eddythompson80]

Your point being? I just want a coherent response from you. Your initial question was how is the NYT different as you assumed they make all their money from a billionaire benefactor and that subscriptions are not a significant part of the income of any news paper. Now it's about that one year where their income wasn't doing well. And they took a loan. And the creditor bought stock that they sold later.