Carlos Slim, the cigar-smoking Mexican telecom billionaire, spent Friday morning batting down a pair of rumors:
1. That he is interested in buying Newsweek.
2. That he is planning to double his stake in the New York Times.
The speculation stemmed from a report in the New York Post:
According to people familiar with the matter, Slim is sinking more money into The New York Times Co., doubling his current 7 percent stake, while also visiting the offices of Newsweek, the Washington Post-owned newsweekly that was put up for sale earlier this week.
Slim’s apparent interest in Newsweek would represent a reversal of fortune for a magazine that some watchers predicted would be difficult to sell.
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