The NY Times In Its Death Throes
November 20, 2008 by DannoJYD
Filed under News and Opinion
With the advent of America selecting a liberal to be POTUS it remains unclear whether we are demonstrating a more liberal preference, or lean more to the conservative side. If the future of the liberal New York Times is any indication one would conclude that America is more conservative.
The New York Times stock again plunged, this time by 9.92%. This drop gives the shares a value of 5 dollars and 72 cents per share. Five years ago it was valued at close to 50 bucks per share.
Over the past 5 years the Times has cut jobs in an effort to remain profitable. They also reduced the size of the paper. Neither had any positive effect on their stock price.
The 5 year fall is most notable over the past 3 month period as it had a high of just over $15.00 a share last September.
Perhaps it is following the market fall, or maybe it is due to people no longer subscribing to the print media. The only thing that is certain is the New York Times is in dire straites.
Note: These charts will vary over time.
Also see: Forbes – Ahead of the Bell: NY Times price target cut
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Dear Danno:
First, Time Magazine posts a 35.6% quarterly loss and now this. YOU have made my day.
Colonel Neville.
Much of the MSM is having financial problems, but they have only themselves to blame. Well, ad the internet to their woes.
I’d like to think that the many letters and e-mails that we have sent to the stations and their sponsors, as well as those of us who have cancelled all subscriptions to msm papers and magazines has helped them along. It feels good everytime I can write an e-mail reminding them that it might have been different had they done their job.
Maybe they’ll go ask for a bailout.
the one newspaper in the usa that has intelligent reading, no wonder neanderthals like this right wing whack job hope for its demise. no sarah palin, we all cant be as dumb and ideological as you are. the times lives! and will continue to do so.
This is great news… I used to admire Journalists, but rags like the New York Times & Newsweek destroyed all that respect.
I routinely encourage people to NOT buy the NY Times… Buy a local paper instead.
Goodbye, Times!
This news has made my day Jenn. Perhaps some wealthy conservative will be tempted to buy NYT out and rebuild it.
If only I hadn’t squandered all my income on wild women and song….LOL. Yeah right…in my dreams….
The NY Times’ last big moneymaker is real estate classified ads. The funny thing is that hardly any buyers use them to find properties to buy. Sellers insist on them as a vanity, to be able to see something in print about their property. Buyers use the internet. When sellers finally wake up to this, the NY Times will be left with just the department store ads. As more people rely on full color and interactive internet ads, these will fade away also. Then who will support the bloated unionized staff and the Sulzberger-Ochs family?
yeah the NY times led us to war in iraq. those crazy liberals. the ny times never questions the american war machine, corporate interests, nafta, the wto, etc etc etc. i’d love to see a liberal paper. i would read it. the ny times is not one. the mainstream media is conservative. why wouldnt they give nader or mckinney any coverage. obama is conservative. look at his center right cabinet. you monkeys are just so hard right that you live in some fantasyland apart from the rest of us.
I think you may have hit the nail on the head Laurent.
What we might be seeing is the demise of the big newspaper- using trees up newspaper industry. The internet now is out sourcing more media news than the papers can produce in a day and at a much faster rate. who knows. Maybe this could be the solution we’re looking for to save the plant with: End the newspaper industry as pulp and paper. Saves the trees. More greenery. Healthier planet. I could live with that. lol……
We used to be able to trust the papers to print the news and let us decide how we stood on the issues, however, that is in the past as more and more of the so called jounralists wanted to try and tell us how to vote, what to believe and to trust only them. When they do not tell all the story and slant it to fit what they think then we are only given half the truth. Readers have responded by cancelling out.
How long until the Democrats vote a bailout for the New York Times?
Well, Ted, if they bail it out, I hope they at least change the name to something more accurate, like “Progressive Propaganda,” or “Loony Leftist Laughs for the Day.”