Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

TIMES IN CRISIS; SEEKS EXPERT HELP WITH SHAREHOLDER REVOLT (Jayson Blair, Judith Miller scandals fal
NY POST ^ | April 27, 2006 | JANET WHITMAN

Posted on 04/27/2006 3:11:06 AM PDT by Liz

Facing shareholder dissent and getting flak for bloated executive pay deals, The New York Times is frantically searching for crisis p.r. experts as the company gears up for a public battle over the future of the newspaper giant.

Chairman Arthur "Pinch" Sulzberger Jr. and other top management have been criticized for putting off the concerns of Morgan Stanley portfolio manager Hassan Elmasry and for a share price that's plummeted 50 percent since 2002.

Soon after Morgan's attack last week on The Times, the publisher's spokeswoman, Catherine Mathis, was phoning Knight Ridder spokesman Polk Laffoon seeking advice, sources familiar with the matter said.

In addition to fallout from the Jayson Blair scandal and Judith Miller's controversial imprisonment, The Times' business has been suffering.

The paper lost nearly 20 percent of its readers in the five boroughs between 2001 and 2004, as it pushed to reinvent itself as a national publication. Its daily circulation in New York City fell to 260,526 copies from 320,682.

Despite the sagging stock performance and job cuts across the company, Sulzberger and CEO Janet Robinson were awarded hefty payouts. Robinson's 2005 restricted stock award jumped nearly fivefold from a year earlier to roughly $2 million. Sulzberger's stock award nearly doubled to $817,500.

Morgan Stanley's investment arm, a longtime shareholder of The Times with a 5 percent stake, blasted management for the executive compensation and for failing to address the company's woeful stock price. It also called for an end to The Times' two-tier stock system, which it said "fosters a lack of accountability."

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: arthursulzberger; blair; blairscandal; grayladydown; jayson; jaysonblair; judithmiller; knight; knightridder; miller; morganstanley; msm; newyorkglbttimes; newyorktimes; nyt; nytimes; pinch; pinchsulzberger; ridder; scandal; shareholderrevolt; sulzberger
Navigation: use the links below to view more comments.
first 1-5051-75 next last

1 posted on 04/27/2006 3:11:10 AM PDT by Liz
[ Post Reply | Private Reply | View Replies]

To: Liz

Maybe China can buy them out.



2 posted on 04/27/2006 3:13:20 AM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
[ Post Reply | Private Reply | To 1 | View Replies]

To: knews_hound; Grampa Dave; martin_fierro; Liz; norwaypinesavage; Mo1; onyx; SmithL; petercooper; ...

Dinosaur Media Extinction Alert Ping. Please advise if you want off this litst. Abb...


3 posted on 04/27/2006 3:14:55 AM PDT by abb (Because News Reporting is too important to be left to the Journalists.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Right Wing Assault

Heheh........or maybe Iran. They could also use some good tilted news coverage.


4 posted on 04/27/2006 3:15:28 AM PDT by Liz (We have room for but one flag, the American flag." —Theodore Roosevelt)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Liz

If you can't trust the news, why spend money buying it?

They still don't get it. Report the honest truth and let the reader make his/her own decisions.


5 posted on 04/27/2006 3:15:53 AM PDT by chainsaw (We are going to take things away from you-H. Clinton)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

Looks like the Chief Rats are grabbing the cheese as the ship sinks and all the little critters jump the rails.


6 posted on 04/27/2006 3:17:38 AM PDT by Jack Hammer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz; Grampa Dave

Ah, good news with my morning coffee!


7 posted on 04/27/2006 3:18:29 AM PDT by Miss Marple (Lord, please look after Mozart Lover's and Jemian's sons and keep them strong.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
The propagandists Time has come and gone. It's our Time now.

Good people are connecting rapidly.

8 posted on 04/27/2006 3:23:15 AM PDT by PGalt
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
PR Advise:

Sell to the Washington Times

9 posted on 04/27/2006 3:23:21 AM PDT by leadhead (It’s a duty and a responsibility to defeat them. But it's also a pleasure)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

This liberal rag cannot die fast enough. Let us pray that others of their like expire along with them, Atlanta Constipation, Chicago Tribune, Washington Post, La. Times and the list of Socialist continues. Can they please drag PBS and NPR into the crypt with them?


10 posted on 04/27/2006 3:24:52 AM PDT by BTCM
[ Post Reply | Private Reply | To 1 | View Replies]

To: Miss Marple

Probably even worse that these reports indicate.

You know company finances are going southward when they start selling off real estate----as the NYT did year or so ago.


11 posted on 04/27/2006 3:25:21 AM PDT by Liz (We have room for but one flag, the American flag." —Theodore Roosevelt)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Liz

"Knight Ridder spokesman Polk Laffoon..."

That is some name.


12 posted on 04/27/2006 3:25:37 AM PDT by jocon307 (The Silent Majority - silent no longer)
[ Post Reply | Private Reply | To 1 | View Replies]

To: leadhead

LOL.....beautiful.


13 posted on 04/27/2006 3:26:20 AM PDT by Liz (We have room for but one flag, the American flag." —Theodore Roosevelt)
[ Post Reply | Private Reply | To 9 | View Replies]

To: BTCM
Can they please drag PBS and NPR into the crypt with them?

Please, please, please. LOL.

14 posted on 04/27/2006 3:27:43 AM PDT by Liz (We have room for but one flag, the American flag." —Theodore Roosevelt)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Liz
Despite the sagging stock performance and job cuts across the company, Sulzberger and CEO Janet Robinson were awarded hefty payouts. Robinson's 2005 restricted stock award jumped nearly fivefold from a year earlier to roughly $2 million. Sulzberger's stock award nearly doubled to $817,500.

They are liberals-- why should compensation be tied in any way to actual performance? Isn't the fact that they really, really, really want to succeed more important than the fact that they suck at their jobs? Why should they be blamed because the newspaper is falling apart under their leadership? (see tagline)

15 posted on 04/27/2006 3:29:20 AM PDT by RobFromGa (In decline, the Old Media gets more shrill, thrashing about like a dinosaur caught in the tar pits.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

16 posted on 04/27/2006 3:30:07 AM PDT by Straight Vermonter (The Stations of the Cross in Poetry ---> http://www.wayoftears.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

Liz, did you see the article last nite from E&P where John Carroll (former LA Times Editor) was crying in his beer about the sorry state newspapers?

http://www.freerepublic.com/focus/f-news/1622245/posts


17 posted on 04/27/2006 3:30:17 AM PDT by abb (Because News Reporting is too important to be left to the Journalists.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: abb

Not too bright......took them awhile to catch on.


18 posted on 04/27/2006 3:33:41 AM PDT by Liz (We have room for but one flag, the American flag." —Theodore Roosevelt)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Liz

Sink bloated Old Gray Bitch, sink to the bottom of the ocean and rest with the whale sh** surrounding you there.


19 posted on 04/27/2006 3:39:14 AM PDT by armydawg1 (" America must win this war..." PVT Martin Treptow, KIA, WW1)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobFromGa; Grampa Dave; martin_fierro

I get lotsa satisfaction thinking about "new generation high-tech Pinch" ---- hiring some 250 for the NYT online sector.

250!!!!

Watta drain that musta been on the bottom line.

I wonder how Pinch explained that one to Dads.


20 posted on 04/27/2006 3:40:22 AM PDT by Liz (We have room for but one flag, the American flag." —Theodore Roosevelt)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Liz
TIMES IN CRISIS; SEEKS EXPERT HELP WITH SHAREHOLDER

Here's a thought - the Times might be doing better if they tried practicing honest, responsible journalism instead of agenda-driven tripe that pushes the leftist point-of-view.
21 posted on 04/27/2006 3:44:41 AM PDT by DustyMoment (FloriDUH - proud inventors of pregnant/hanging chads and judicide!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

Sulzberger must be a pretty dim bulb anyway to think that the NYT can go national with a paper that reflects only New York thinking. They don't know squat about "fly over country".


22 posted on 04/27/2006 3:48:20 AM PDT by bkepley
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

The good news just keeps pouring in.


23 posted on 04/27/2006 3:50:46 AM PDT by Salvey (ancest)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bkepley
You have a good point. Would honestly love to see an interview of Sulzberger giving his impression of the mid-western hicks, and southern rednecks. His bigotry would be quite revealing.
24 posted on 04/27/2006 3:54:26 AM PDT by Quick Shot
[ Post Reply | Private Reply | To 22 | View Replies]

To: Liz

The Old Grey Mare ain't what she used to be.


25 posted on 04/27/2006 3:58:45 AM PDT by razorback-bert (Kooks For Kinky)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DustyMoment

That will come as a "big surprise" to these types.


26 posted on 04/27/2006 4:00:07 AM PDT by Liz (We have room for but one flag, the American flag." —Theodore Roosevelt)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Liz

What the heck else could anybody expect form serial journalistic malpractitioners?!!!!


27 posted on 04/27/2006 4:01:21 AM PDT by mo
[ Post Reply | Private Reply | To 1 | View Replies]

To: Quick Shot
They are trying to get us Midwestern hicks to subscribe. Three times in the last three months the NYT has phoned to ask if I would like to subscribe to their rancid rag. I have declined and gave reasons for my decision. The poor telemarketers seem so dejected. They must be having a rough time making this sell.
28 posted on 04/27/2006 4:03:11 AM PDT by Socratic ("I'll have the roast duck with the mango salsa.")
[ Post Reply | Private Reply | To 24 | View Replies]

To: Socratic

I get the direct mail offers here in ATL. I've got an empty return mail envelope in my outbox right now. I'm on "Do Not Call", so I guess that's why I don't get the opportunity to tease their telemarketers.


29 posted on 04/27/2006 4:05:29 AM PDT by FreedomPoster (Guns themselves are fairly robust; their chief enemies are rust and politicians) (NRA)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Liz

NYT in a pinch. Who'da thunk it?


30 posted on 04/27/2006 4:05:53 AM PDT by auboy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

pinch is doing a great job leading the slimes to its proper place down the gutter, give the man a raise.


31 posted on 04/27/2006 4:08:13 AM PDT by JohnLongIsland
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
"I stand ready to come to the assistance of the New York Times, bringing with me all of my many years of experience in dealing with the media, and as you can see, I don't always have to wear camouflage clothing, I think I clean up pretty good, eh? Like this Armani suit? Who says there isn't life after Saddam? LOL!"
Image Hosted by ImageShack.us
32 posted on 04/27/2006 4:09:56 AM PDT by mkjessup (The Shah doesn't look so bad now, eh? But nooo, Jimmah said the Ayatollah was a 'godly' man.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
It also called for an end to The Times' two-tier stock system, which it said "fosters a lack of accountability."

What idiot buys stock in a company where the marketed stock does not allow any control over the company? (Th Sulzberger-family-owned class of stock controls the board of directors).

Same deal with the long-term prospects of people who bought google stock

33 posted on 04/27/2006 4:17:59 AM PDT by SauronOfMordor (A planned society is most appealing to those with the hubris to think they will be the planners)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DustyMoment
I still look at it from time to time (we have copies at my office), and one thing I've recently noticed is they often don't even bother putting opposing viewpoints on topics in their Letters to the Editor section anymore.

If the topic is, say, global warming, you get six letters all toeing the party line that it's real, undebatable, absolute fact unopen to questioning. No dissenting views, although millions and millions of US citizens cast the proper critical eye to it. Same with Iraq, Katrina, whatever the hot button issue.

Look, the Times was always liberal, but they at least did the right thing in terms of balance so they could be considered the "paper of record". They just don't care anymore apparently. To not put an opposing viewpoint on a topic in the letter section is unbelievably petty and childish (and way out of line with their tradition). It's also fatal to their reputation.

We are seeing the results of that.
34 posted on 04/27/2006 4:19:24 AM PDT by Jhensy
[ Post Reply | Private Reply | To 21 | View Replies]

To: Liz
Oh, shadenfreude!
35 posted on 04/27/2006 4:29:38 AM PDT by Puddleglum (Thank God the Boston blowhard lost)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

The only thing that's gonna save NYT and other Liberal rags is a big ol' dose of 'Fair and Balanced' reporting.


36 posted on 04/27/2006 4:30:32 AM PDT by wolfcreek
[ Post Reply | Private Reply | To 1 | View Replies]

To: Right Wing Assault

Or Al Qaeda


37 posted on 04/27/2006 4:32:59 AM PDT by appeal2
[ Post Reply | Private Reply | To 2 | View Replies]

To: Liz

Hey New York Times ... was it worth it ?


38 posted on 04/27/2006 5:05:50 AM PDT by Mo1 (DEMOCRATS: A CULTURE OF TREASON)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jocon307
"Knight Ridder spokesman Polk Laffoon..." That is some name.

Doesn't quite rise to Dickensian level, though. I'm seeing Bugs, Daffy, Foghorn Leghorn, and the rest of the Looney Tunes crew.

39 posted on 04/27/2006 5:24:01 AM PDT by Graymatter
[ Post Reply | Private Reply | To 12 | View Replies]

To: Liz
The easy way out of this problem for the NY Times is to simply change its attitude and present the news in an evenly balanced manner and saving all opinions to the Op-Ed section.

All too often the NY Times mixes political opinion with the news and skews the facts. They also beat the drum too loud and too often on issues they believe will hurt the president or the war on terrorism which plays badly on the American public, who unlike the days of Vietnam, now have an alternative media aka the new media as a method to filter the news presented by the MSM in order to get at the truth of what is really happening.

We lost the Vietnam War based on public opinion shaped by the MSM, which was and still is antiwar under any circumstance, even if it means the safety and future of America, as we know it today. They all to often, with or without knowledge of the affects of their biased reporting, lend aid and comfort to our enemies which should be noted in some part as responsible for more military deaths in Iraq and Afghanistan because our enemies repeat the words of our Liberal media and use it as a moral boost to stay and fight another day.

The paper wears its Liberalism on its sleeve, which does not play well to a nation turning conservative after decades of a MSM monopoly less the Internet/24/7 instant media.

Another issue or problem for the NY Times or any other print newspaper is the evolution of technology and electronic devices accessible to a nation on the move with less time to sit and read a paper. The convenience of obtaining news 24/7 almost anywhere at anytime will continue the decline of "static" print media, which is dated and rehashed repeatedly before the paper has the ability to delivery the information to its customers.

We are getting close to a time when we can watch any show on TV whenever we want, from the point of live viewing or repeat at our own discretion. We have TIVO, but soon it too will become outdated with new technology. Cable TV viewers are close to a time when we can choose just the channels we wish on our cable bill. We may reach a point when we only pay for viewing time by the minute per channel viewed.

Those media outlets with the foresight to see how the market is reacting and where technology is heading will end up ahead of the curve and in front of the market. The NY Times and other print media need to focus on the product presented to the public, in a way which will appeal to the broadest audience possible. If the can do this in the Internet age they will survive, otherwise they will remain the unwanted dinosaurs of yesteryear out of touch and soon out of circulation. IMHO
40 posted on 04/27/2006 5:47:01 AM PDT by TheForceOfOne (El Chupacabra spotted near U.S./Mexican border feeding on illegal immigrants. Pass it on..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Quick Shot

I'm a mid-westerhg hick who's become a redneck, and proud of it!


41 posted on 04/27/2006 5:47:53 AM PDT by libstripper
[ Post Reply | Private Reply | To 24 | View Replies]

To: Right Wing Assault
Maybe China can buy them out.

In a lot of ways, they already have.

42 posted on 04/27/2006 5:49:02 AM PDT by kidd
[ Post Reply | Private Reply | To 2 | View Replies]

To: Liz

The New York Times: Think 'Enron' in Print


43 posted on 04/27/2006 6:05:41 AM PDT by pabianice
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

Hell, if the NYSlimes goes south, NPR and PBS will not have any news to report. Lots of dead air time........kind of like Air Amerika.


44 posted on 04/27/2006 6:11:16 AM PDT by newcthem (All along I thought I was an American.......now I find that I am just a racist.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Liz

They could save some money if they stopped giving money to Clinton-era CIA appointees in return for treasonous 'leaks'.


45 posted on 04/27/2006 6:15:28 AM PDT by AD from SpringBay (We have the government we allow and deserve.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
Facing shareholder dissent and getting flak for bloated executive pay deals, The New York Times is frantically searching for crisis p.r. experts as the company gears up for a public battle over the future of the newspaper giant

LOL, man that felt satisfying
46 posted on 04/27/2006 6:17:43 AM PDT by Vision ("There are no limits to growth because there are no limits of human intelligence" Ronald Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

The NYT doesn't need p. r. experts, they need fair and balanced news. Oh, wait, someone else has thought of that.


47 posted on 04/27/2006 6:49:17 AM PDT by norwaypinesavage
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
Please good God, bury this evil rag into the pit...SOONER rather than later!...like during my lifetime..pretty please! I would really love to celebrate their demise on earth while I'm still kicking...:)
48 posted on 04/27/2006 6:50:23 AM PDT by RoseofTexas
[ Post Reply | Private Reply | To 1 | View Replies]

To: SauronOfMordor
What idiot buys stock in a company where the marketed stock does not allow any control over the company? (Th Sulzberger-family-owned class of stock controls the board of directors).

Same deal with the long-term prospects of people who bought google stock

And Ford Motor Company, from the late twenties until recently.

Henry and his son Edsel dreamed up this scheme to transfer the majority of existing stock to a foundation (the Ford Foundation, of course); but the catch was exactly as you have described: the majority of stockholders had a diluted vote-per-share so that the small percentage retained by the family represented a controlling interest.

They were said to be the inventors of this arrangement.

In Ford's case, the public couldn't even buy shares until 1956 when the Foundation started selling it off. I think that they eventually sold virtually all of it.

As to who would buy that kind of stock, well lots of people buy stock based on its performance--or even personal whim--without having any thought of trying to control the company through its board of directors. And entrenched management usually has its way with them through proxy power. Of course, it does get interesting when the 'long knives,' i.e., takeover specialists start battling the old guard for control.

49 posted on 04/27/2006 6:58:06 AM PDT by Erasmus (Eat beef. Someone has to control the cow population!)
[ Post Reply | Private Reply | To 33 | View Replies]

To: Graymatter
>>Knight Ridder spokesman Polk Laffoon..." That is some name.

>Doesn't quite rise to Dickensian level, though.

Somebody, wish I could recall who, referred to Matt Drudge as having a "Dickensian name."

50 posted on 04/27/2006 7:00:24 AM PDT by Erasmus (Eat beef. Someone has to control the cow population!)
[ Post Reply | Private Reply | To 39 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-75 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson