|George Soros (Times Photo)|
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.
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.
Dan Gainor, vice president of business and culture at the Media Research Center, said that while the investment is small in relation to the company's overall value, it would be "naive" to "disconnect" the investment from one of the most powerful liberals.