The five year graph of the Slimes below shows the stock price was flat from 2001 to 2004, then started tanking in 2004. Since mid-2002, the Slimes has lost nearly half its value.
Posted on 12/22/2005 4:43:56 AM PST by Liz
New York Times Co. said fourth-quarter profit will fall to around 45 cents a share because of costs to cut jobs.
The declining profit outlook underscores the difficulty The Times is having as advertisers shift to the Internet.
In September, the company said it will cut 500 jobs, or about 4 percent of its workforce.
"They need a better advertising environment," said Edward Atorino, managing director at New York-based research company Benchmark Co.
He rates the shares "hold" and doesn't own them. .........shares fell 37 cents to $26.61 in extended trading after the announcement.
Because it can't predict next year's ad market, the company won't provide financial forecasts.
(Excerpt) Read more at nypost.com ...
The question is why advertisers don't want their ads in the NYT. Does Jayson Blair ring a bell?
Lets give them a pity party.
Couldnt happen to a nicer bunch of commies.
The NY Slimes is a front organization of DNC, ANSWER, and other subversive groups. Okay.....I am exagerrating slightly here but you get the general idea.
We can assume that the cost of cutting jobs is generous severance packages. Something the media decries when corporate America offers these.
And these folks publish a business section?!
Because management doesn't have a good grasp on reality, the company can't provide financial, or any other, forecasts much less recognize truth.
There, that's better.
Where is the NYT's plan to regain market share? They need to withdraw from the war on Bush and redeploy their assets in more profitable endeavors. The length of this financial slide puts them in a quagmire. Where's their intelligence on future ad revenue? Have they been lying about their future prospects? We all know their credibility is in the tank - how will they turn their poll numbers around? Inquiring people want to know.
"They need a better advertising environment," said Edward Atorino, managing director at New York-based research company Benchmark Co.
Yeah, that's it, better ads. That'll fix everything. What a maroon.
The NYT is going the way of Hollywood, down the slow flush. It's gratifying to know that there are far more intelligent folks out there than the Left would have us believe.
They also publish a science and technology section, but clearly don't have a clue what they're writing about. Knowledge of the subject at hand is not a prerequisite for "journalism."
The five year graph of the Slimes below shows the stock price was flat from 2001 to 2004, then started tanking in 2004. Since mid-2002, the Slimes has lost nearly half its value.
Which is due to readership dropping like a rock everywhere outside of the DNC/MSM.
Man! They started sinking like a lead balloon around June, 2004.
Their opinion of themselves is so high that they can't even consider that they may be doing something wrong.
The New York Times Co. Provides Fourth-Quarter Earnings Guidance (EARLY CHRISTMAS PRESENT!!)
Check the hilarious chart posted by Grampa Dave #15 here
So the NYT can predict with smug confidence the outcome of the war in Iraq, with its myriad of variables, but it can't predict its own ad revenue for the coming year?
500 down, 12000 to go...
If you cannot believe their front page stories, any question the books might be cooked too?
Exactly, and it is that way with all RATs. Take Hollyweird, for example. They are moaning and groaning about the decline in box office sales, yet Disney has anti-American scum like Alec Baldwin play an American hero Jimmy Doolittle, and a current film ( "Ride Him Bearback" Mountain) is about two gay guys that Hollyweird calls a "heartwarming tearjerker".
And they are "bewildered" why a large segment of America is boycotting them and ignoring them. They are so self-centered and ignorant it is quite funny when you think about it.
I salute you for doing that on your own. We need to support people like you and ignore/boycott scum like the Slimes.
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