The New York Times Plans to Pay Back Carlos Slim Ahead of Schedule


The New York Times Co. reportedly plans to pay back that $250 million loan from Mexican billionaire Carlos Slim, the world’s richest man, three years ahead of schedule, by January 2012, according to Times spokeswoman Abbe Serphos. Er, how? Times chief executive officer Janet Robinson “may seek digital acquisitions once debt levels fall,” though she didn’t name names. The company also plans to “expand the digital business to help spur growth.” Well, certainly we could all use a little optimism around here. 2012 it is! [Bloomberg via Runnin’ Scared/VV]