New York Times Co. is in talks under which the Mexican telecommunications investor Carlos Slim would invest in the publisher, possibly through an issue of preferred stock.

People familiar with the matter told The Wall Street Journal.The investment would be similar to a loan: The preferred would pay a dividend but wouldn’t have voting rights, the Journal reported on Saturday. The investment under consideration is likely several hundred million dollars, the people told the paper. Slim already held 6.4% of the Times at the end of September, the Journal reported. [marketwatch.com]

I would definitely walk away if not granted voting rights , the small amount of “dividends” wont be worth much for Slim , especially if the Company continues to burn through money like they do.. but hay I’m just a simple man.