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.
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.
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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.
