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SULZBERGER SLAMMED AS PROFITS DROP 39% (Teddy launches surprise attack on Pinch)
NY POST ^ | October 20, 2006 | PAUL THARP

Posted on 10/20/2006 10:02:30 AM PDT by Liz

The New York Times Co. reeled yesterday from a 39 percent drop in profits as it came under a surprise attack from liberal politicians for gutting and damaging its sister Boston Globe...... pressure mounted on chief Arthur "Pinch" Sulzberger to plug a drain of newspaper ad dollars being steadily siphoned away by the Internet. The profits bomb came as Sulzberger got scolded yesterday by a group of prominent politicians and business leaders in Boston, led by Sen. Edward Kennedy (D-Mass.), claiming Sulzberger and his team have committed a "terrible shame" by gutting the paper since acquiring it in 1993.

In a letter to Sulzberger, Kennedy and others said "a troubling pattern of disinvestment, downsizing, outsourcing and cost cutting has emerged" to damage the fabled paper. "A shrinking news hole and the elimination of bureaus have stung the morale of employees facing in creased health care costs and wage freezes." The group said "Boston Globe journalists have risked their lives and, in some cases, given their lives" to uphold "a long and storied tradition of excellence." "What a terrible shame it would be if the premier brand in journalism - The New York Times Co. - was responsible for doing genuine harm to that tradition." The Times has eliminated nearly 400 jobs at the Globe and closed several bureaus to save money.

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


TOPICS: Business/Economy; Extended News
KEYWORDS: edwardkennedy; kennedy; newyorktimes; nyt; pinch; pinchsulzberger; sulzberger; teddy
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1 posted on 10/20/2006 10:02:31 AM PDT by Liz
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To: Liz

The after mid-term election liberal fighting begins sooner than expected. The fingers will point.


2 posted on 10/20/2006 10:04:12 AM PDT by bmwcyle (Only stupid people would vote for McCain, Warner, Hagle, Snowe, Graham, or any RINO)
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To: Liz

Ted Kennedy wouldn't recognize "terrible shame" if he got drunk and drowned it in his car.


3 posted on 10/20/2006 10:04:17 AM PDT by CoolPapaBoze
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To: Liz

Maybe they could merge with Pravda.


4 posted on 10/20/2006 10:04:59 AM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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To: Liz
"In a letter to Sulzberger, Kennedy and others said ...A shrinking news hole..."

From one hole to another.

5 posted on 10/20/2006 10:05:05 AM PDT by mass55th (Courage is being scared to death - but saddling up anyway~~John Wayne)
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To: CoolPapaBoze

good one.


6 posted on 10/20/2006 10:06:03 AM PDT by samadams2000 (Somebody important make....THE CALL!)
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To: Liz

This article is incoherent.


7 posted on 10/20/2006 10:06:51 AM PDT by Jaysun (Idiot Muslims. They're just dying to have sex orgies.)
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To: bmwcyle

>>In a letter to Sulzberger, Kennedy and others said "a troubling pattern of disinvestment, downsizing, outsourcing and cost cutting has emerged"

Oh yeah, pour more money down that rathole, PLEEEEZZZ
For once I agree with Ted Kennedy!
Please don't throw me in that brier patch!!


8 posted on 10/20/2006 10:08:59 AM PDT by FastCoyote
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To: Liz

Poor Pinch Sulzberger...he just wants to be left alone to smoke dope and hang with his gay editorial board buds...


9 posted on 10/20/2006 10:10:01 AM PDT by snarks_when_bored
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To: Liz
In a letter to Sulzberger, Kennedy and others said "a troubling pattern of disinvestment, downsizing, outsourcing and cost cutting has emerged" to damage the fabled paper. "A shrinking news hole and the elimination of bureaus have stung the morale of employees facing in creased health care costs and wage freezes."

Ted's got money - he can start his own paper. I doubt it would be a success even if it were a free weekly give-away!

10 posted on 10/20/2006 10:10:12 AM PDT by Rummyfan
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To: FastCoyote
Ted only talks about symptoms and leaves out causes.
11 posted on 10/20/2006 10:11:09 AM PDT by bmwcyle (Only stupid people would vote for McCain, Warner, Hagle, Snowe, Graham, or any RINO)
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To: samadams2000

bttt


12 posted on 10/20/2006 10:11:10 AM PDT by camas
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To: camas

there ought to be a subsidy


13 posted on 10/20/2006 10:12:35 AM PDT by Youngman442002
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To: wagglebee
Maybe they could merge with Pravda.

They aren't already owned by Pravda? Who knew?

14 posted on 10/20/2006 10:13:41 AM PDT by from occupied ga (Your most dangerous enemy is your own government)
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To: Liz

"In a letter to Sulzberger, Kennedy and others said "a troubling pattern of disinvestment, downsizing, outsourcing and cost cutting has emerged" to damage the fabled paper. "

Teddy doesn't realize that the NYT can't raise revenue by raising taxes. He has no concept of how capitalism works.


15 posted on 10/20/2006 10:14:30 AM PDT by BadAndy (You want a magic bullet to fix your problem, but I only have hollowpoints.)
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To: Liz

Fat Teddy evidently thinks he's achieved his lifelong dream -- to become a commissar in the old Soviet Union.


16 posted on 10/20/2006 10:14:55 AM PDT by Interesting Times (ABCNNBCBS -- yesterday's news.)
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To: Youngman442002

We often forget Kennedy was also kicked out of Harvard for plaigarism.


17 posted on 10/20/2006 10:15:18 AM PDT by samadams2000 (Somebody important make....THE CALL!)
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They left out a line:
Mary Jo Kopechne was unavailable for comment at press time.

18 posted on 10/20/2006 10:17:21 AM PDT by Bob
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To: All
Based on campaign contributions, the Sulzberger family appears to be overwhelmingly GOP.
19 posted on 10/20/2006 10:17:26 AM PDT by dollar_dog
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To: from occupied ga

I thought maybe it was a joint venture and they were both owned by George Soros.


20 posted on 10/20/2006 10:17:41 AM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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To: Grampa Dave; martin_fierro; Milhous; george76

ping


21 posted on 10/20/2006 10:18:22 AM PDT by Liz (Nearly all men can stand adversity, but to test a man's character, give him power. Abe Lincoln)
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To: Liz

Earnings might be down, but Pinch will have his new headquarters building.


22 posted on 10/20/2006 10:18:23 AM PDT by Loyal Buckeye
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To: bmwcyle
"employees facing in creased health care costs "

LOL! ..."in creased"? Is the actual quote

23 posted on 10/20/2006 10:19:12 AM PDT by paolop
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To: wagglebee

insult to pravda


24 posted on 10/20/2006 10:19:58 AM PDT by ichabod1 (Face it, every empire comes to an end, and ours is on the down hill slope.)
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To: Liz

Print is dead!

'nuff said.


25 posted on 10/20/2006 10:22:15 AM PDT by truemiester (If the U.S. should fail, a veil of darkness will come over the Earth for a thousand years)
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To: wagglebee

Pravda has a reputaion to uphold!
It would not be seen in the company of a paper that was more communist that it was!


26 posted on 10/20/2006 10:23:04 AM PDT by truemiester (If the U.S. should fail, a veil of darkness will come over the Earth for a thousand years)
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To: Liz
"Boston Globe journalists have risked their lives and, in some cases, given their lives" to uphold "a long and storied tradition of excellence." "What a terrible shame it would be if the premier brand in journalism - The New York Times Co. - was responsible for doing genuine harm to that tradition".

With a little editing, this statement can also be applied to the U.S.militery and the damage done by Kennedy and his cherished democrat party.

27 posted on 10/20/2006 10:24:32 AM PDT by fuzzthatwuz
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To: Liz; abb; Milhous; george76

Nothing like a cat fight between liberal snakes.

Maybe the NY Slimes can carry a front page of Kennedy's acts of treason during the cold war.


28 posted on 10/20/2006 10:28:56 AM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: Liz
In a letter to Sulzberger, Kennedy and others said "a troubling pattern of disinvestment, downsizing, outsourcing and cost cutting has emerged" to damage the fabled paper. "A shrinking news hole and the elimination of bureaus have stung the morale of employees facing in creased health care costs and wage freezes."

How sad!
Fry me a liver...

29 posted on 10/20/2006 10:30:24 AM PDT by expatpat
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To: Liz

Newspapers as high-minded enterprises is an anachronism best left in the dust of all that wasted ink and pulp being turned into hamburger cartons.


30 posted on 10/20/2006 10:32:30 AM PDT by Old Professer (The critic writes with rapier pen, dips it twice, and writes again.)
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To: paolop

The editors were probably pressed for time.


31 posted on 10/20/2006 10:33:53 AM PDT by Old Professer (The critic writes with rapier pen, dips it twice, and writes again.)
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To: expatpat

Of course, there's also something akin to Bush's use of "strategery," but when a lib misspeaks, everyone pretends he was correct.

The word is "divestitute," or "divestment," not "disinvestment" (although some dictionaries will include the word disinvestment, it's earliest known usage was in the 1930s, and clearly in error.)


32 posted on 10/20/2006 10:37:38 AM PDT by dangus (Pope calls Islam violent; Millions of Moslems demonstrate)
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To: dangus

Lousy time for a typo: Divestiture. Something about Kennedy must've made "divestitute" come out!


33 posted on 10/20/2006 10:38:19 AM PDT by dangus (Pope calls Islam violent; Millions of Moslems demonstrate)
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To: dollar_dog

Concerning the list of donations at your link, I don't think any of them are from Pinch. He has Jr. after his name. Arthur O. Sulzberger is his dad. Much of the money to Republicans is going to one candidate, Houghton. Probably a personal relationship. Interesting link.


34 posted on 10/20/2006 10:49:25 AM PDT by Rocky (Air America: Robbing the poor, and still unable to stay in business)
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To: Jaysun

That would be Teddy that is incoherent.


35 posted on 10/20/2006 10:57:44 AM PDT by YdontUleaveLibs (Reason is out to lunch. How may I help you?)
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To: Liz
The New York Times Co. reeled yesterday...surprise attack...gutting...the Times' plunge...a drain of newspaper ad dollars...profits bomb...a "terrible shame"...gutting...a troubling pattern...fabled paper...shrinking news hole...storied tradition...terrible shame...doing genuine harm...earnings bomb...guilty of gutting...

BWAHAHAHAHAHAHA

Most excellent! Mr Tharp's witty repartee taken together with moonbat moaning makes me split a gut.
36 posted on 10/20/2006 11:01:24 AM PDT by Milhous (Twixt truth and madness lies but a sliver of a stream.)
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To: Liz

A stinking lib complaining that liberal policies aren't working...imagine that....


37 posted on 10/20/2006 11:03:19 AM PDT by libs_kma (Monica blew while Al-Queda grew.....Oh well, Clinton happens!)
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To: Grampa Dave; Liz
Nothing like a cat fight between liberal snakes.

LOL. Seems close enough to a metaphor to award you today's Aristotle Award. :)

The greatest thing by far is to be a master of metaphor. It is the one thing that cannot be learned from others; it is also a sign of genius, since a good metaphor implies an eye for resemblance. - Aristotle, De Poetica, 322 B.C.

BTW, the density of storied Wall Street also noted:
Wall Street was surprised by the Times' plunge in ad revenue, the first drop in sales in 18 quarters, that sent its stock sliding nearly 2.6 percent to $22.65, off 60 cents.

38 posted on 10/20/2006 11:14:00 AM PDT by Milhous (Twixt truth and madness lies but a sliver of a stream.)
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To: Liz

"a shrinking news hole"

That describes the NYT better than the Globe.


39 posted on 10/20/2006 11:24:49 AM PDT by gcruse (http://gcruse.typepad.com)
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To: Liz
In a letter to Sulzberger, Kennedy and others said "a troubling pattern of disinvestment, downsizing, outsourcing and cost cutting has emerged"

I agree with Kennedy here. Pinch needs to stop trying to make the Slimes profitable and let it die quickly.

40 posted on 10/20/2006 11:33:12 AM PDT by EricT. (The Democrats have decided it will either be a Democrat led America, or no America at all.)
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To: Liz
If the fat sot is so ticked at Pinch, we doesn't he and some relatives pony up some cash and just by the Globe.

Patches can be the Publisher, his moron nephew Bobby Jr.can be Editor, Ted can even be the Food Booze critic in his spare time. When Michael Skakil gets out of the slammer he can be a Crime Reporter. Hell, the whole family can work there.

It would also be the 1st time any of them ever actually worked for a living and earned a days pay. It would also be the 1st time any of them paid taxes and experienced that little thing called FICA.

Why it would be a HUGH success!

41 posted on 10/20/2006 11:43:14 AM PDT by Condor51 ("Alot" is NOT a word and doesn't mean "many". It is 'a lot', two separate words.)
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To: Grampa Dave

"a troubling pattern of disinvestment, downsizing, outsourcing and cost cutting has emerged"

8-)


42 posted on 10/20/2006 12:01:17 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: Liz
NY Times Co. 3Q Profit Plunges 39%

ht Sister_T


43 posted on 10/20/2006 12:06:59 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: Liz

44 posted on 10/20/2006 12:09:14 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: dangus

I see your point, but doesn't divestiture mean TOTAL elimination of the investment, whereas here they mean 'failure to re-invest' or, at most, 'reduction in investment'?


45 posted on 10/20/2006 12:10:29 PM PDT by expatpat
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To: Grampa Dave; martin_fierro; Condor51; abb; Milhous; george76

Teddy goes for a swim to escape the mess he made.

46 posted on 10/20/2006 12:13:33 PM PDT by Liz (Nearly all men can stand adversity, but to test a man's character, give him power. Abe Lincoln)
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To: Liz

LOL...the Boston Glob, the Big Dig death trap, Ted "The Swimmer" Kennedy, Harvard...why not just designate Boston as a toxic waste dump and be done with it.


47 posted on 10/20/2006 12:14:20 PM PDT by kittymyrib
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To: Liz

How about that?

Just wow.


48 posted on 10/20/2006 12:14:56 PM PDT by RinaseaofDs
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To: wagglebee
please, you really shouldn't insult a respectable, transparent newspaper like Pravda.
49 posted on 10/20/2006 12:17:54 PM PDT by chilepepper (The map is not the territory -- Alfred Korzybski)
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To: chilepepper
Maybe Pinchie should publish this in response to Teddy?:

KGB Letter Outlines Sen. Kennedy's Overtures to Soviets, Prof Says

50 posted on 10/20/2006 12:22:34 PM PDT by null and void (Age and experience -- It makes no sense to get one without the other. - Sundog)
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