REPORT: Soros invested $3 million in major media outlet’s stock holdings this year

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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by FreeBeacon:

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).

The article goes on to state the following:

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.

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