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Posts Tagged ‘Carlos Slim’

Bill Gates Tops Forbes’ ‘Richest People on The Planet’ List

bill-gates-speaks-out-about-windows-8-video-bc90b4f0b8Bill Gates is back on top. Forbes has named the 58-year-old Microsoft founder the richest person on the planet, a spot he had lost to Carlos Slim for the past four years.

Gates is now worth $76 billion. He’s followed closely by Slim, worth $72 billion. Rounding out the top five Richest People on the Planet list are Amancio Ortega ($64 billion), Warren Buffett ($58 b) and Larry Ellison ($48 b).

Below are some other highlights from the Forbes list. Click here for the entire thing. But only do so if you enjoy being jealous.

  • 172 women made the list, the most ever
  • David Thomson, chairman of Reuters, is the richest media person. He’s worth $22 billion. Michael Bloomberg is ranked 16 overall, worth $33 billion. Rupert Murdoch is ranked 78 overall, worth $13 billion.
  • Mark Zuckerberg was the year’s biggest gainer. His net worth jumped from $15 billion to $28 billion.
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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.

Carlos Slim to Double Stake in NY Times

Carlos Slim, widely known as the second richest person in the world, is a big fan of The New York Times. Or rather, what the Times can do for his wallet. That’s why he’s upping his stake in the company.

By the end of 2014, Slim is expected to exercise stock warrants that he obtained in 2009 via a $250 million loan to the paper. If he does, Slim will double his stake in the Times to as much as 19 percent. Slim, who owns eight percent of Times stock, is currently the company’s second largest stock owner.

Not that Slim needs the warrants. As Bloomberg News notes, his deal with the Times has been great for him already:

Even leaving out the warrants, Slim has booked a profit from his loan to the newspaper. The Times paid Slim back in 2011, including a 12 percent premium for early payment. The loan’s annual interest rate of 14 percent was the highest the company had paid on debt dating back to at least 1995.

Jeff Bercovici Tries to Answer Billion-Dollar LAT Question

In the wake of this weekend’s highly shared New York Times piece about the Koch brothers’ interest in Tribune Co. newspapers, Forbes blogger Jeff Bercovici handicaps the overall billionaire odds. Because the Kochs have an alleged interest in the entire Tribune Co. print slate, he places them at the top of the list as an even-money bet.

Less convincing is Bercovici’s stubborn inclusion of David Geffen at 20:1. It seems pretty clear that the one-time suitor has lost all interest in the LA Times, but let the record show that if Geffen does indeed reveal he was putting forth a poker face, Bercovici wasn’t fooled.

At the bottom of Bercovici’s list is Warren Buffett:

Odds he’ll get it: 50:1. The Times just doesn’t fit the profile at all of the type of newspaper Buffett’s been buying. He’s looking to roll up papers in small, semi-isolated cities and towns that have a quasi-monopoly on local news. It would be shocking if he didn’t sit this one out.

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Michael Bloomberg is Worth $27 Billion

According to Forbes’ latest billionaire list, Michael Bloomberg — mayor, media maven, soda hater — is worth $27 billion. That’s an increase from 2012, when he was worth a pathetic $22 billion.

Despite all that money, Bloomberg only ranks as the 13th wealthiest person in the world. The number one spot is held down by Carlos Slim and family, with $73 billion. He is followed by Bill Gates ($67 billion), Amancio Ortega ($57), and Warren Buffett ($53.5).

For the full list of people with way more money than all of us combined, click through. Ladies, we suggest you don’t even bother. Out of the 1,426 total people on the list, only 138 of them are women.

Five Takeaways from LA Weekly’s Fabulous LA Times Feature

Timing is everything. Just a few days before this week’s LA Weekly article “Who Will Buy the LA Times?” by Hillel Aron, CNBC broke the news that JPMorgan and Evercore will be handling the sale of the paper and other Tribune Co. assets.

That context gives the piece some extra urgency, and from this excellent bit of work by Aron, we were most struck by the following:

Richest Man in LA vs. Richest Man in the World: Aron references Patrick Soon-Shiong (pictured) in connection with former mayoral candidate Austin Beutner’s effort to put together a stealth group of combined LAT buyers. Surprisingly (at least to us), nowhere in the article does Carlos Slim come up, the man responsible for the relaunch of Larry King and much more. Aron confirms to FishbowlLA that it was not a case of being edited out; “no one ever mentioned Slim,” the writer says.

Two Shades of WSJ: The article characterizes Rupert Murdoch as the man who could potentially outbid everyone, with media expert Ken Doctor telling Aron the Wall Street Journal owner remains the odds-on favorite to acquire the newspaper. Doctor also thinks the two publications’ editorial and ad operations could be streamlined in a number of intriguing ways.

Which is perhaps ironic, because Aron also reminds that Times publisher and Tribune Co. CEO Eddie Hartenstein took a lot of flack internally for his decision to allow the Journal to print at the LAT, bumping the paper’s daily schedule down and “ruining its time-zone advantage over east coast papers.”

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Larry King Reminds at NATPE: It’s Who You Know

Although the biggest news to come out of Guggenheim Digital Media CEO Ross Levinsohn‘s chat at NATPE in Miami Beach today with Larry King is the imminent announcement of UK-Australia distribution for the talk show host’s ambitious endeavor Larry King Now, we were struck by the idea that even for someone like King, it’s who you know.

Per a report by THR‘s Alex Ben Block, King explained just how casually the whole Ora TV opportunity came about. It must be nice when things like this can happen at your dinner table:

He said that he met the Mexican billionaire Carlos Slim when he went to Mexico for a charity event. Later Slim came to his home in Los Angeles for dinner and asked what King wanted to do next. King’s wife suggested he do a new talk show on the Internet, and Slim agreed to provide financing.

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It’s Official: Tribune Company Emerges from Bankruptcy

Reuters reporters Ronald Grover and Liana B. Baker had the scoop last Friday about New Year’s Eve being the day LA Times parent company Tribune Co. would finally, officially emerge from a four-year bankruptcy. This morning at 4:42 a.m. PT, LAT reporters Walter Hamilton and Joe Flint added circumspect confirmation in the paper’s own pages:

The company sought Bankruptcy Court protection in December 2008 after an $8.2 billion leveraged buyout by real estate magnate Sam Zell saddled the company with $12.9 billion in total debt just as advertising revenue was collapsing…

Despite the financial travails of the newspaper industry, Tribune remained profitable throughout the bankruptcy. It built cash reserves of more than $2.5 billion as of November 18, according to a U.S. Bankruptcy Court filing this month.

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Ora TV’s David Begnaud Breaks Some Ann Coulter News

KTLA reporter David Begnaud knew he was taking a risk when he left the confines of traditional TV reporting to join Larry King’s new home, Ora TV. But already, he says he is basking in the ability of the online network’s second show NewsBreaker to report on news as it happens.

This morning happens to coincide with Begnaud’s first exclusive. After hearing about an open letter written by Special Olympics ambassador John Franklin Stephens to Ann Coulter in response to the latter’s now infamous Obama R-word tweet, he tracked the gentleman down and got him to read his letter on camera.

“I said to my team, ‘It’s one thing to read the open letter but it’s much more powerful to see him read it,” Begnaud tells FishbowlLA via telephone. “It’s sort of personal for me, because I grew up in Louisiana with a mentally handicapped aunt and my mother has a company that takes care of the developmentally disabled.”

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Larry King and Carlos Slim: The Dynamic Digital Duo

Larry King and Carlos Slim are getting ready to launch a “huge online initiative.” Could a F**k Yeah Larry King Tumblr be on the horizon?

Well, no one really knows. There are very few details, but apparently King and Slim are teaming up to do something, and the adventure is already underway.

“I can confirm that there have been discussions in which I participated,” King’s lawyer, Bert Fieldstold The Wrap.

Fantastic! Not only does that completely clarify things, it makes us excited. We bet the trio discussed the weather, the rising price of suspenders and… Shakira. But that’s just a guess.

Carlos Slim Increases Stake in The New York Times

Carlos Slim has once again wrapped his big arms of money around The New York Times and given the paper a tender squeeze. According to Bloomberg News, Slim has upped his shares from 850,000 to 11.9 million. He now owns eight percent of Class A shares.

The purchase boosted the Times’ stock up to $6.75. The 13 percent increase is the most the paper’s stock has climbed in about two years.

This is Slim’s second stake increase in a little over a month; in late August he upped his Class A ownership to seven percent. Slim — who is a Yankees fan, so we extend our condolences — keeps insisting that he doesn’t want to control the company one day, but if he keeps this pace up he might not have a choice.

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