Richard Siklos, editor at large at CNN

Slim agreed to pump $250 million into the Times under a deal that includes hefty interest payments to him (14%, or at least $26 million a year) and warrants that could ultimately give Slim the option to add 15% of the company’s equity to his holdings. Of course, in making such a deal Slim has gained himself much better terms than a mere equity investor, and indeed appears to have driven a hard bargain. It’s comparable, in a surface sense, to Warren Buffett’s investment in Goldman Sachs. What Slim didn’t get — and to be clear we don’t know that he asked for or wanted it because he declined to comment — was any kind of a seat on the Times board or rights that would diminish the 100 years of the Sulzberger family’s controlling grip on the company.[money.cnn.com]

By Greg Bensinger at Bloomberg

Jan. 21 (Bloomberg) — New York Times Co. is restricted from selling or transferring certain of its assets under the terms of a $250 million loan from companies controlled by Mexican billionaire Carlos Slim.

The New York-based publisher will also be limited in its ability to merge or consolidate with other companies, according to a securities filing today. [bloomberg.com]