Re:Jeff Bezos Defends Decision to Buy Washington Post
by zjaffee on Wednesday June 01, 2016 @12:44PM
(#11815915)
Sure, Carlos Slim owns a huge portion of the the NYTimes public stock, but he doesn't have any significant voting power as that is held privately. If a rogue editor/journalist criticized Carlos Slim, he would have no power to fire them, where as at the Washington Post Jeff Bezos certainly would.
[ Parent
| on HN ]
Re:Jeff Bezos Defends Decision to Buy Washington Post
by dahdum on Wednesday June 01, 2016 @01:08PM
(#11816138)
The voting power is held privately, and Carlos Slim loaned them 250 million to keep the lights on several years ago, before increasing his ownership to 1/6. I have to believe he holds significant influence over their decisions, and any journalist raking him over the coals would see their career prospects at the NYTimes effectively end.
That said, Bezos owning the Washington Post seems worse still to me.