SULZBERGER SLAMMED AS PROFITS DROP 39% (Teddy launches surprise attack on Pinch)

NY POST ^ | October 20, 2006 | PAUL THARP

[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.

[Liz]

ping

[Loyal Buckeye]

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

[paolop]

"employees facing in creased health care costs "

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

[ichabod1]

insult to pravda

[truemiester]

Print is dead!

'nuff said.

[truemiester]

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

[fuzzthatwuz]

"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.

[Grampa Dave]

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.

[expatpat]

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...

[Old Professer]

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.

[Old Professer]

The editors were probably pressed for time.

[dangus]

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.)

[dangus]

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

[Rocky]

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.

[YdontUleaveLibs]

That would be Teddy that is incoherent.

[Milhous]

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.

[libs_kma]

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

[Milhous]

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.

[gcruse]

"a shrinking news hole"

That describes the NYT better than the Globe.

[EricT.]

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.