Report: George Soros Invests Millions In The NYTimes

George Soros (Times Photo)

Liberal billionaire George Soros purchased $3 million worth of stock holdings in the publisher of the New York Times, reports The Free Beacon citing SEC filings.

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.

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.