Skip to comments.SULZBERGER SLAMMED AS PROFITS DROP 39% (Teddy launches surprise attack on Pinch)
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 ...
The after mid-term election liberal fighting begins sooner than expected. The fingers will point.
Ted Kennedy wouldn't recognize "terrible shame" if he got drunk and drowned it in his car.
Maybe they could merge with Pravda.
From one hole to another.
This article is incoherent.
>>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!!
Poor Pinch Sulzberger...he just wants to be left alone to smoke dope and hang with his gay editorial board buds...
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!
there ought to be a subsidy
They aren't already owned by Pravda? Who knew?
"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.
Fat Teddy evidently thinks he's achieved his lifelong dream -- to become a commissar in the old Soviet Union.
We often forget Kennedy was also kicked out of Harvard for plaigarism.
Mary Jo Kopechne was unavailable for comment at press time.
I thought maybe it was a joint venture and they were both owned by George Soros.