According to an SEC Form 13F Document dated May 15, first discovered by The Washington Free Beacon, George Soros spent more than $3 Million to purchase more than 126,000 shares of stock in The New York Times Company through his investment company Soros Fund Management.
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Last year, Mexican billionaire Carlos Slim began selling off his holdings in the New York Times. According to an SEC Filing dated July 28th, 2017 Slim sold off more than $10M worth of his shares in the New York Times’ common stock.
Carlos Slim’s 13F Reflecting his Sale of NY Times Class-A Shares from July 28, 2017
It remains to be seen if George Soros plans to make a larger investment in The New York Times, or if this relatively small $3 Million investment will be a standalone one.
Dan Gainor, of the Media Research Center, found as far back as 2011 that George Soros spent more than $48 Million to aid left-wing media organizations. This included allocations of capital to left-wing nonprofit news site ProPublica as well as left-leaning news organizations such as The National Federation of Community Broadcasters, The National Association of Hispanic Journalists and The Committee to Protect Journalists.
In October of 2017 George Soros transferred $18 Billion to his Open Society Foundation in what is widely seen as the opening move in a full-court-press against President Trump’s agenda.
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Following Soros’ vows in the last week to “re-double” his efforts against Trump and spend as much as $15 Million on the 2018 midterms, his carefully timed, multi-million dollar investment in the New York Times has the appearance of a political influence operation.
