The money comes at a steep interest rate: 14 percent. In return, Slim gets warrants that are convertible to Times Co. shares, the company said Monday. Slim already owns 6.9 percent of the paper and its other businesses, such as About.com. When he exercises the warrants, he will own up to 17 percent of the common shares outstanding, making him the company's second-largest shareholder behind its chairman and publisher, Arthur Sulzberger Jr. Like most newspapers, the Times has fallen on tough times, as readers and advertisers flee to other platforms and pastimes. And, like some others, the Times Co. placed very expensive bets on strategies that didn't work out. More ...