N.Y. Times Leads Newspaper $hortfalls (laugh break)

NY Post ^ | April 14, 2006 | PAUL THARP

[kittymyrib]

I noticed that in the article they sited the percentage drop in profit for the other papers but not the Slimes. They should have mentioned that profits tanked to the tune of about 70%...enough to get management fired in a real business, instead of one that Pinch's daddy owns.

[Liz]

Thanks to left wing managed mutual funds and retirement funds like CalPers, these Enron Fishwraps still have viable stock levels.

Hmmmmm.....could be some stock manipulation there, maybe collusion, that the SEC should know about.....EMAIL enforcement@SEC.gov.....

[Huck]

Newspapers are going to go the way of the telegraph. They just aren't necessary. Not only can you get all the same stories--HELLO??? The same exact wire service crap!--for free, but most people nowadays actually get PAID to read their free news, since they are doing a lot of that newsreading at their day jobs! Back when I was a cubicle slave, I read the news for $30/hr. Not a bad rate. Why would I waste my own valuable free time on such a task?

It's the same thing with the evening news cast. By the time you get home from work, it's OLD news. I rarely even watch Brit Hume's show for that reason. It's old news by 6pm. The most valuable parts of a newspaper, as far as I can tell, to consumers, are the SPORTS section and the sunday circulars (coupons.) The news? The A section? Just a timekiller, at best, if you're stuck on a bus or train. Otherwise, it's virtually useless to most people I've observed.

[Huck]

I saw that too.

[libstripper]

Oddly enough, it might have been spontaneous. My mother once suffered a pair of shiners with no external cause. It does happen.

[Grampa Dave]

"Hmmmmm.....could be some stock manipulation there, maybe collusion, that the SEC should know about.....EMAIL enforcement@SEC.gov....."

If you look at the bottom of the 5 day chart above for Wed, 12 April, 2006, you will see a spike of activity on the Gannett stock with a corresponding increase in price/share at about 10:45 am to a little past ll AM EST. On that day the bad news re Gannett had been published for Wall Street. To my untrained eyes, there appeared to be a heavy buying of Gannett stock to stop the loss for that day. The good news is that it failed that day and had no impact on the next day.

On other bad news days for the major Enronning Fishwraps, there have been similiar spikes of activity which sometimes stem the loss of that day due to the bad news.

Someone besides an old Grampa needs to investigate these occurrences to see if there is pattern of retirement funds or mutual funds buying in mass to stop the bleeding of the day due to bad news for a particuliar newspaper stock.

PS. If anyone has the capability of capturing this chart and saving it on Free Republic without using or referring to the hmtl link, please do it. Otherwise this spike will soon be gone as the days progress next week.

[ElPatriota]

Really, About.com business related to New York Times?

Well good by about.com! You vote with you $$ every day :)

[Grampa Dave]

"There's a dwindling market for Marxist homosexual lunatic wet dreams posing as writing/journalism."

Just a little word buffing on your comment to fit in as my new tagline.

[Ernest_at_the_Beach]

Nice photo and tagline....

[Ernest_at_the_Beach]

*************************************************

Michelle Malkin:

Questions about the documents' authenticity were first raised last week on the indispensible conservative Internet forum, FreeRepublic.com, then amplified and supplemented by the intrepid independent bloggers of Powerline, Little Green Footballs, INDC Journal and Allahpundit.

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I need to read MM's blog more......

[Ernest_at_the_Beach]

Windows is fine,....just stay off of the internet with it!!!!

[Ernest_at_the_Beach]

1 Gig may not be enough with the next Windows, known as Vista....

[george76]

The grandson is killing his granfathers newspaper.

[TheForceOfOne]

lol

I saw that episode. Thanks for the link.

[george76]

N.Y. Times to sell stake in cable news channel

The sale price of the Times Co.'s 50 percent stake to Discovery Communications hasn't been set.

The New York Times Co. paid $100 million for its stake in Discovery Times in 2002... but hasn't gained much traction with viewers.

"This is a strategic and business decision, not a journalistic one," according to a New York Times memo to its staff obtained by The New York Observer...

http://www.rockymountainnews.com/drmn/tech/article/0,2777,DRMN_23910_4620094,00.html

[TC Rider]

not to mention that the papers have all been big supporters of the teacher's unions and the schools, which have produced consumers unable to read their product.

ha ha

[Supernatural]

Michelle seems to be a fan of FR.

Wonder what her screen name is.

[Steve0113]

The news? The A section? Just a timekiller, at best, if you're stuck on a bus or train.

There are (and always will be) millions of people with time to kill on their daily commute. However, with the advent of MP3 blogs and music, there's no guarantee of a future for newspapers with commuters.

[Grampa Dave]

Thanks for the note re the NY Slimes selling another loser.

Liz and others have noted over the years, the liberals start selling other assets when their main asset gets into financial difficulty, another Enroning trick to confuse the stock owners and potential investors.

[righttackle44]

"Goodbye."

Will the last liberal newspaper leaving New York City please turn out the light at the end of the tunnel?