Mexican billionaire Carlos Slim now controls a 17% stake in The New York Times Company, which publishes the paper of the same name. Slim’s newly acquired stock makes him the company’s largest individual shareholder.*

* Technically, Slim owns only Class A stock, owners of which can vote for Class A directors, who are a minority on the company’s board of directors. Class B stock is reserved for members of the Sulzberger family, who still control the majority of seats on the company’s board.