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Trump Obsession Hands Win to Mexico’s Slim on ‘Failing’ NY Times

  • Carlos Slim has been selling New York Times shares this year
  • Newspaper’s stock has more than doubled since Trump’s election
New York Times Illustrations Ahead Of Earnings Figures

Photographer: Andrew Harrer/Bloomberg

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Carlos Slim is cashing in on his New York Times Co. investment this year as the newspaper publisher’s stock surged despite President Donald Trump’s claims that it’s "failing."

Shares of the company have more than doubled since Trump’s November 2016 election, which has been a boon for the Mexican billionaire. Slim bailed out the Times with a $250 million loan in the wake of the financial crisis, when it actually was in danger of failing.