NEW YORK, Oct 3 (Reuters) - The New York Times Co said it plans to pay back a $250 million loan made by Mexican billionaire Carlos Slim in January 2012, three years earlier than expected confirmed Times spokesman Robert Christie.
The Sunday Telegraph first reported the news in an interview with Times Chief Executive Janet Robinson.
Slim, who owns 6.9 percent of the Times Class A stock, loaned the company $250 million in January 2009 with a due date of January 2015.
Shares of the New York Times closed at $7.85 on Friday.
(Reporting by Jennifer Saba; Editing by Bernard Orr) ((jennifer.saba@thomsonreuters.com; 1 646 223-6173; Reuters Messaging: jennifer.saba.reuters.com@reuters.com)) Keywords: NEWYORKTIMES/ (Visit http://blogs.reuters.com/mediafile for more coverage at the Reuters MediaFile blog) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Sunday Telegraph first reported the news in an interview with Times Chief Executive Janet Robinson.
Slim, who owns 6.9 percent of the Times Class A stock, loaned the company $250 million in January 2009 with a due date of January 2015.
Shares of the New York Times closed at $7.85 on Friday.
(Reporting by Jennifer Saba; Editing by Bernard Orr) ((jennifer.saba@thomsonreuters.com; 1 646 223-6173; Reuters Messaging: jennifer.saba.reuters.com@reuters.com)) Keywords: NEWYORKTIMES/ (Visit http://blogs.reuters.com/mediafile for more coverage at the Reuters MediaFile blog) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.