Skip to comments.New York Times Stock Falls to 52-Week Low (Lowest Level Since 1998)
Posted on 07/21/2006 10:18:33 AM PDT by new yorker 77
Last Trade: 21.99
As Low as 21.70 today.
Couldn't happen to a more deserving bunch.
Not low enough...
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?
Last Trade: 21.99
Change: 0.13 (0.59%)
Prev Close: 22.12
Day's Range: 21.70 - 22.17
52wk Range: 21.97 - 35.00
1y Target Est: 24.50
Last Trade: 21.99
Word of the day two days too late.
any day is a good day for schadenfreude!
I'd say at the point where they risk an investor lawsuit for sticking with an obvious turd in the stock market fishbowl.
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.
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.
Still overpriced for "All the News That's Spit!"
Treason doth never prosper
How low can you go?
Not done falling yet.
Keep on falling Slimes.
I keep telling them that there is no future in spreading lies every time they ask me to re-subsribe.
I'm sure the editors will claim they can fix this if they printed more Maureen Dowd articles.
How appropriate is that source, huh?
Like to see that trend line go down in flames.
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.
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.
What we need now is a class-action shareholder lawsuit.
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.
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.
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 :)
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.
This may mean cutting another few inches off the width of the paper.
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.
Short sell the NYTimes.
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.
He could never work for AOL.
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.
Short sell. Investors panic when they see shorts piling up.
This baby needs to drop to zero.
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.
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.
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.
Want to smash the NY Slimes?
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.
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
Highlight the Mutual Fund Ownership and hit enter.
If thousands of Freepers, whose mutual funds own shares of NY Slimes did the following:
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.
Thanks for the pingski.
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.
"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.