© Joshua Roberts, BloombergGeorge Soros, founder of Soros Fund Management LLC
Liberal billionaire George Soros purchased $3 million worth of stock holdings in the publisher of the
New York Times, filings show.
Soros's stock buy included 126,400 shares in the New York Times Company through Soros Fund Management LLC, the billionaire's New York City-based investment firm. The shares were valued at $3,046,000 at the time of purchase and are shown in a
May 15 filing to the U.S. Securities and Exchange Commission (SEC).
Soros's investment in the
Times was for Class A stock holdings, which are publicly traded, as opposed to its Class B stock, which are privately held.
The acknowledgment of the purchase in the mid-May filings from Soros Fund Management appears to be
the first time that Soros has invested in the New York Times Company in more than ten years. Soros's fund last reported shares in the company on its 2007 year-end
report to the SEC, according to a review of the fund's
quarterly reports.
Soros Fund Management is the vehicle used by the financier to purchase and sell various company holdings. The
Times recently reported that Soros is a partial owner of Justify, the racehorse who won the Triple Crown, through his fund.
The senior vice president of communications for the
New York Times did not respond to an email inquiry on Soros's stock investments in the company by press time. Michael Vachon, Soros's personal spokesperson and a spokesperson for Soros Fund Management, also did not respond to a request for comment on the purchase.
Comment: He may work the the NYT - and therefore afraid that his paper's own fake news will be labeled as fake news - but he's still right. Censors - whether human or algorithmic - are by nature untrustworthy. Facebook certainly shouldn't be the one to do it - that's for sure.