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New York Times Stock Falls to 52-Week Low (Lowest Level Since 1998)
Yahoo! Finance ^ | July 21, 2006

Posted on 07/21/2006 10:18:33 AM PDT by new yorker 77

Last Trade: 21.99

As Low as 21.70 today.



TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: dbm; haha; liberalmedia; msmswoes; newspapers; nyslimes; nyt; nytstockfreefall
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1 posted on 07/21/2006 10:18:37 AM PDT by new yorker 77
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To: new yorker 77


Couldn't happen to a more deserving bunch.


2 posted on 07/21/2006 10:20:03 AM PDT by msnimje
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To: new yorker 77

Not low enough...


3 posted on 07/21/2006 10:20:12 AM PDT by 12th_Monkey
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To: new yorker 77
SNORT!
4 posted on 07/21/2006 10:20:32 AM PDT by gridlock (The 'Pubbies will pick up two (2) seats in the Senate and four (4) seats in the House in 2006)
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To: new yorker 77

YUMMY!!


5 posted on 07/21/2006 10:20:57 AM PDT by Suzy Quzy ("When Cabals Go Kaboom"....upcoming book on Mary McCarthy's Coup-Plotters.)
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To: new yorker 77
Pinch doesn't answer to the shareholders.


6 posted on 07/21/2006 10:21:07 AM PDT by dead
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To: 12th_Monkey

It will break $20 a share in less than two months. My only question is how low does it go before the institutions pull all support from the stock?


7 posted on 07/21/2006 10:21:43 AM PDT by tigtog
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To: All

Last Trade: 21.99
Change: 0.13 (0.59%)
Prev Close: 22.12
Open: 22.17
Day's Range: 21.70 - 22.17
52wk Range: 21.97 - 35.00


8 posted on 07/21/2006 10:23:12 AM PDT by new yorker 77 (FAKE POLLS DO NOT TRANSLATE INTO REAL VOTERS!)
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To: tigtog

1y Target Est: 24.50

Last Trade: 21.99


9 posted on 07/21/2006 10:23:40 AM PDT by new yorker 77 (FAKE POLLS DO NOT TRANSLATE INTO REAL VOTERS!)
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To: Grampa Dave

pingski


10 posted on 07/21/2006 10:24:07 AM PDT by ASA Vet (3.03)
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To: new yorker 77
"Please pinch me," says Pinch, "and wake me from this nightmare." Just wait til the costs of building Pinch's pleasure dome kick in. Ah...that sound of falling equity.
11 posted on 07/21/2006 10:26:45 AM PDT by mojito
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To: new yorker 77; xsmommy

Word of the day two days too late.


12 posted on 07/21/2006 10:26:53 AM PDT by freedomlover (This tagline has been pulled - - - - OK?)
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To: All
5-Year Chart of Plummet


13 posted on 07/21/2006 10:26:55 AM PDT by new yorker 77 (FAKE POLLS DO NOT TRANSLATE INTO REAL VOTERS!)
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To: freedomlover

any day is a good day for schadenfreude!


14 posted on 07/21/2006 10:30:20 AM PDT by xsmommy
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To: tigtog

I'd say at the point where they risk an investor lawsuit for sticking with an obvious turd in the stock market fishbowl.


15 posted on 07/21/2006 10:30:21 AM PDT by thoughtomator (Famous last words: "what does ibtz mean?")
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To: new yorker 77

Hopefully they are in a slow death spiral.
Circulation drops, advertisers look elsewhere for alternatives, stock prices drop.
and the cycle continuse.
Buh bye times.


16 posted on 07/21/2006 10:30:27 AM PDT by Joe Boucher (an enemy of islam)
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To: new yorker 77

Bummer Dude!


17 posted on 07/21/2006 10:30:38 AM PDT by Mikey_1962 (If you build it, they won't come...)
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To: new yorker 77

So I'm guessing the plan to make people on the web pay for the priveledge of reading Dowd, etc hasn't paid off in a big way yet.


18 posted on 07/21/2006 10:32:36 AM PDT by TC Rider (The United States Constitution © 1791. All Rights Reserved.)
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To: new yorker 77

Still overpriced for "All the News That's Spit!"


19 posted on 07/21/2006 10:32:52 AM PDT by Young Werther
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To: new yorker 77

Treason doth never prosper


20 posted on 07/21/2006 10:33:07 AM PDT by Lexington Green (Peace Through Victory)
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To: new yorker 77

How low can you go?

21 posted on 07/21/2006 10:36:03 AM PDT by lormand (Kill terrorists on the battlefield)
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To: new yorker 77

Not done falling yet.


22 posted on 07/21/2006 10:40:06 AM PDT by Brilliant
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To: new yorker 77

Keep on falling Slimes.

I keep telling them that there is no future in spreading lies every time they ask me to re-subsribe.


23 posted on 07/21/2006 10:41:39 AM PDT by eleni121 (General Draza Mihailovich: We will never forget you - the hero of World War Two)
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To: new yorker 77

I'm sure the editors will claim they can fix this if they printed more Maureen Dowd articles.


24 posted on 07/21/2006 10:43:39 AM PDT by Proud_USA_Republican (We're going to take things away from you on behalf of the common good. - Hillary Clinton)
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To: new yorker 77

How appropriate is that source, huh?

Yahoo! Finance

Yahoo, indeed.

Like to see that trend line go down in flames.


25 posted on 07/21/2006 10:44:38 AM PDT by JewishRighter
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To: mojito
Just wait til the costs of building Pinch's pleasure dome kick in. Ah...that sound of falling equity.

That building is killing them. As well it should. It was a vanity project from the git-go. The Times just didn't need it, but Pinch wanted a pretty building to work in. And now it is going to cost him everything. Richly deserved. Stupidity should be punished severely. At least Pinch will have a pretty building to throw himself from the top of when it's all gone wrong.

26 posted on 07/21/2006 10:45:49 AM PDT by gridlock (The 'Pubbies will pick up two (2) seats in the Senate and four (4) seats in the House in 2006)
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To: new yorker 77

Well the NY Times has long wanted to brush aside Bush and return to the glory days of the Clinton Presidency. If they can't, at least their stock value has.


27 posted on 07/21/2006 10:47:30 AM PDT by rod1
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To: new yorker 77

What we need now is a class-action shareholder lawsuit.


28 posted on 07/21/2006 10:48:29 AM PDT by Busywhiskers (Hoist the black flag.)
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To: new yorker 77

Wonder what the best way is to make money on the MSM's steamrolling demise. After all, we should be practicing some blatant capitalism while all those in the old media who hate it are biting the dust.


29 posted on 07/21/2006 10:49:50 AM PDT by rod1
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To: All
Macro*World: New York Times 'A'(NYSE:NYT)

Important context; NYT's drop is steeper than drop of Publishing industry:


30 posted on 07/21/2006 10:57:02 AM PDT by WTNY
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To: new yorker 77
I mentioned Parkinson's Law in connection with the new HQ on another thread. Here's a quote from a review of a book called "The Ediface Complex," from Slate, which refers to that aspect of Parkinson's book, since I don't have the book itself to quote from:

The truth is that individuals and institutions usually turn to architecture at moments of decline. This curious fact was pointed out years ago by Cyril Northcote Parkinson in his 1968 best seller, Parkinson's Law. This book is full of pithy observations on the foibles of business administration, the best-known of which is: "Work expands to fill the time available for its completion." Less well-remembered is the author's observation on architecture. Parkinson considered buildings as an important barometer of corporate health, but as a negative barometer. "During a period of exciting discovery or progress there is no time to plan the perfect headquarters," he wrote. "The time for that comes later, when all the important work has been done. Perfection, we know, is finality; and finality is death."

Parkinson provided several historical examples. St. Peter's in Rome was built by popes who were enmeshed in worldly affairs and had lost much of their moral authority; Louis XIV built his palace at Versailles several decades after his great military triumphs and at a time when his power was in decline; exactly one year after the Viceroy of India moved into his new imperial capital of New Delhi, the Indian Congress demanded independence. One can add more. When CBS built "Black Rock," its imposing black granite headquarters in Manhattan, Edward R. Murrow was gone and infotainment was just around the corner. Pan American Airways built its huge headquarters on Park Avenue long after it pioneered transoceanic air travel, but not so long before it ceased operations.

Source:

http://www.slate.com/id/2128080/

31 posted on 07/21/2006 11:16:07 AM PDT by Cicero (Marcus Tullius)
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To: new yorker 77

Don't worry.

FR members post so many newslinks to NYT website and send so many FReepers to their site that we'll make up any shortfall they may have in advertising revenues :)


32 posted on 07/21/2006 11:16:27 AM PDT by soccer_maniac (Fine employers $100,000 for every illegal employee they hire-> millions of illegals will self-deport)
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To: new yorker 77
Looks like the stock really started to tank around the same time the Iraq war has started and been going down ever since....

now I'm curious if it will keep going down this bad ... if so, I should try shorting this one to make a few bucks on the demise of the NYT.
33 posted on 07/21/2006 11:18:15 AM PDT by Element187
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To: firebrand; kristinn; Jimmy Valentine's brother; cindy-true-supporter; trooprally; ...

Ping!


34 posted on 07/21/2006 11:20:21 AM PDT by Albion Wilde (Got freedom? Thank a veteran)
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To: new yorker 77

Why would anyone what to read the anti-american propaganda in the NYT? Maybe if they stopped being so anti-american they could turn things around.


35 posted on 07/21/2006 11:25:49 AM PDT by jpsb
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To: new yorker 77

Snark!

This may mean cutting another few inches off the width of the paper.


36 posted on 07/21/2006 11:32:26 AM PDT by BlessedByLiberty (Respectfully submitted,)
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To: new yorker 77
Notice how the rapid drop in the stock price began when the 2004 elections kicked in,in earnest? It is about this time that the Slimes became rabidly anti Bush and the hatred they have been spewing has escalated as the stock price has dropped or more probably the reverse.
37 posted on 07/21/2006 11:34:04 AM PDT by Eagles Talon IV
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To: new yorker 77

How low can it go? I wonder if it would be a good time to start shorting their stock. Profiting from their misfortune would bring me great pleasure.


38 posted on 07/21/2006 11:49:55 AM PDT by lesser_satan (EKTHELTHIOR!!!)
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To: rod1
Wonder what the best way is to make money on the MSM's steamrolling demise.

Short sell the NYTimes.

39 posted on 07/21/2006 11:49:56 AM PDT by Obadiah (I wanted to play Mousetrap. You roll the dice, you move your mice. Nobody gets hurt.)
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To: new yorker 77
NYT called me a couple nights ago. Sales call. Wanted to send me two weeks worth of Free papers, delivered right to my front door.

If I enjoyed it, they were willing to automatically toss six weeks more for a price

I laughed! Said I would not read the liberal rantings of the NYT even for free, much less pay for it.

To the callers benefit he said a polite Thank you and hung up quietly. Guess he was not getting paid enough to argue the point.

40 posted on 07/21/2006 11:53:03 AM PDT by PattonFan
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To: PattonFan

He could never work for AOL.


41 posted on 07/21/2006 11:56:32 AM PDT by new yorker 77 (FAKE POLLS DO NOT TRANSLATE INTO REAL VOTERS!)
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To: new yorker 77
He could never work for AOL.

AOL. LOL!

You got that right. I kind of felt sorry for the guy. He was probably in some 3 inch cube, making minimum wage telemarketing for various companies.

42 posted on 07/21/2006 12:00:49 PM PDT by PattonFan
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To: Obadiah

Short sell. Investors panic when they see shorts piling up.

This baby needs to drop to zero.


43 posted on 07/21/2006 12:04:47 PM PDT by A0ri
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To: Albion Wilde

The Times loves to be in your face, too. Pointing out on the day AFTER the 1996 election that the Dims had won by coopting GOP issues. The other day, a headline about the house that was blown up, saying that if the walls could talk, they might tell secrets (it was the location of an early spy den). Jokey jokey jokey. Until the family finally forces Pinch out.


44 posted on 07/21/2006 12:17:32 PM PDT by firebrand
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To: new yorker 77

This seems to be a reflection of a trend in the newspaper industry (due to forms of new media), rather than anything specific to the times. See the comparison chart with two other leading newspaper publishers.

The Times do have the biggest percent slide, but perhaps that is because they are the most "old media" of the bunch.

http://finance.yahoo.com/q/bc?t=2y&s=NYT&l=on&z=m&q=l&c=gci%2Cssp


45 posted on 07/21/2006 12:24:48 PM PDT by seedro1983
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To: new yorker 77
Here is something, we can all do this weekend to start eliminating the NY Slimes as a threat to our nation's security. We can do it at our computers and do it in less than 1 hour. Besides sending a severe warning to the NY Slimes and the mutual fund companies, which buy NY Slimes stock, we will improve our precious investment capital being wasted on NY Slimes stock.

If a few thousand freepers did this simple action this weekend, and a few thousand new freepers, friends and relatives each following week, we will have a terminal impact on the NY Slimes acts of sedition. Please send this how to your blogs, friends, relatives and email lists. This action will serve as a cannon shot across the bows fo the other Dinosaur Liberal Fish Wraps re sedition will not be tolerated any more.

INSTRUCTIONS TO SMASH THE SLIMES:

 

Want to smash the NY Slimes?
Check your mutual funds to see if they own NYT, the NY Slimes Stock

 

 

How many of us own mutual funds which own NY Slimes stock and even worse have increased their NYT holdings this year.

NYT investment by a mutual fund company is a terrible investment re the dollar loss in Stock value the last 2 years. Those investments are an attempt to keep the NY Slimes afloat with our mutual fund $'s.

Now it is very evident that the NY Slimes is an agent and abettor of the al Qaeda Serial Killers. The Slimes is endangering the lives of our families, friends, innocent Americans and every warrior of ours.

Go to this link to see if your mutual fund owns NYT.

http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp

When the MS Money stock home page comes up, enter NYT into the search area and hit enter and the following screen will show up re ownership of the NY Slimes stock:

The New York Times Company: Ownership Information

  • Shares Outstanding 145.00 Mil

  • Institutional Ownership (%) 83.40

  • Top 10 Institutions (%) 58.60

  • Mutual Fund Ownership (%) 42.64

  • 5%/Insider Ownership (%) 7.77

  • Float (%)

Highlight the Mutual Fund Ownership and hit enter.

If thousands of Freepers, whose mutual funds own shares of NY Slimes did the following:

  1. Sell those mutual funds or trade them for funds not owning NYT.

  2. Send a letter to the fund managers and the CEO's of the mutual fund company telling them why you sold/transferred their mutual fund owning NY Slimes stock. Then demand to know why they are wasting your precious $'s on a treason/sedition company which is a terrible investment.

  3. Contact the SEC to investigate why this mutual fund and mutual fund company invested your $'s in one of the worse investments of the past 2 years. Was the investment of yours and others a political bailout of the NY Slimes.

  4. Send this how to re Mutual Funds with NYT stock to everyone on your email list for a wakeup call.

We might have a lot more impact than trying to boycott companies which sell to the elite liberals of NYC and advertise in the NY Slimes.



46 posted on 07/21/2006 1:48:59 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: ASA Vet

Thanks for the pingski.


47 posted on 07/21/2006 1:50:19 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: new yorker 77

48 posted on 07/21/2006 1:51:44 PM PDT by COEXERJ145 (Free Republic is Currently Suffering a Pandemic of “Bush Derangement Syndrome.”)
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To: new yorker 77; abb; ASA Vet; BIGLOOK; Liz; george76; Milhous; martin_fierro; devolve; weegee; ...

http://www.freerepublic.com/focus/f-news/1669957/posts

S&P Lowers New York Times Debt Ratings (Dinosaur Media DeathWatch™)
biz.yahoo.com ^ | July 21, 2006 | Staff


Posted on 07/21/2006 10:13:15 AM PDT by abb


Standard & Poor's Downgrades New York Times Co. to "A-" From "A" on Challenging Environment

NEW YORK (AP) -- Standard & Poor's Ratings Services lowered its long-term corporate credit and senior unsecured debt ratings on New York Times Co. to "A-" from "A," citing continuous challenges in the newspaper sales environment and additional spending related to New York-area printing facility consolidation plans.

The agency also lowered the company's short-term corporate credit and commercial paper ratings to "A-2" from "A-1."

"New York Times' financial profile is weak for the ratings, and improvement is not expected until the company finishes construction of its headquarters in the second quarter of 2007, and the plant consolidation project in the second quarter of 2008," Standard & Poor's said in a statement.

New York Times, which in addition to its flagship paper also operates the Boston Globe, International Herald Tribune and 15 other daily newspapers, said Tuesday it plans to sublease its facility in Edison, N.J., and consolidate New York-area production at its newer plant in College Point, Queens.

The agency said it may lower New York Times' ratings again in the future depending on what type of progress is made in reducing its debt to EBITDA measure, following completion of the headquarters and plant consolidation.

Shares of New York Times dropped 11 cents to $22.01 in midday trading on the New York Stock Exchange.


49 posted on 07/21/2006 1:58:24 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: gridlock; mojito; george76; abb; Milhous

"Just wait til the costs of building Pinch's pleasure dome kick in. Ah...that sound of falling equity."

'That building is killing them. As well it should. It was a vanity project from the git-go. The Times just didn't need it, but Pinch wanted a pretty building to work in. And now it is going to cost him everything. Richly deserved. Stupidity should be punished severely. At least Pinch will have a pretty building to throw himself from the top of when it's all gone wrong.'

Years ago when I was working on my MBA, one of the professors discussed the deadly Pyramid Syndrome of CEO's and board members.

It is like an autonomic triggered self destructive syndrome. They subconsciously know that their business has seen its best days and may be ready to start the path to the buggywhip cemetery.


So they decide to build a modern day Pyramid to leave their mark on life and history. They focus so much energy and finances on building their pyramid, their company will often a severe if not fatal hit.


If you are working for one of these companies going through a pyramid building death throes, you should be looking for a new job.


50 posted on 07/21/2006 2:08:04 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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