Will Pinch Sulzberger Lose The New York Times? (Going...Going...Gone!)

FoxNews.com ^ | Monday, October 01, 2007 | Thomas Lifson

[DogByte6RER]

Will Pinch Sulzberger Lose The New York Times? Monday , October 01, 2007

By Thomas Lifson

Arthur Ochs Sulzberger Jr., known all but universally as "Pinch", may well be the last member of the Sulzberger/Ochs family to run the world-famous newspaper company.

He is trapped in a financial and competitive trap of his own making, and may have to rely on new money coming into the company at the price of relinquishing his managerial power.

Christopher Alleva already explained last week that the incredible shrinking equity resulting from the combination of high dividends and low profits is already raising questions about bondholder covenants requiring the company to maintain minimum balances in its equity account. And now, as he explained, the looming threat of new competition for its advertisers and readers is likely to intensify the financial pinch.

News Corporation, with 24 times the market capitalization of The New York Times, will soon be moving in on his advertisers and readers, and prices cuts for both groups would build market share for the rising News Corp properties and cut revenues for Sulzberger's outfit.

Pinch Sulzberger squandered over $800 million, now written off and deducted from the shareholders' equity account, on a disastrous acquisition of New England newspaper properties just before the bottom fell out of the newspaper market.

The company's published strategy writes grandly of "innovative products and services across media platforms." But words and deeds are not the same thing. The company's recent attempt to achieve synergy between its news content and the opportunities of cable television, The Discovery-Times Channel, has been a flop. The company liquidated its half interest in the venture at a loss, according to footnote 3 to its Consolidated Financial Statements for 2006.

[DogByte6RER]

Hopefully the impending implosion of the leftist NY Times will signal a chain reaction of implosions of other leftwing agenda driven MSM outlets like NBC, CNN, CBS, the SF Chronicle, etc.

[The South Texan]

We could only hope!!!!!!!!!!!

Hopefully Murdoch will help the process along with the WSJ purchase.

[Doctor Raoul]

So who get’s to put the stuffed head of Pinch over their mantle? Roger Ailes or Rupert Murdock?

[DogByte6RER]

UBL might buy out Sulzberger and Co. After all, the "Grey Lady" has been so supportive of America's enemies...

[TenthAmendmentChampion]

Ping!

[LdSentinal]

Pinch is almost as dumb as his poltiics.

[bert]

The head should be spitted on a pike in Times Square.

All must share the joy. It must not be limited to merely one office.

[DogByte6RER]

[Mrs.Z]

Pinch is purchasing large quantities of kerosene even as we speak.

Hope, hope.

[frithguild]

[DogByte6RER]

[DogByte6RER]

[DManA]

Fox's "The Simpsons" opening yesterday had Bart writing on the blackboard:

"The Wall Street Journal is better than ever"

[Brilliant]

He doesn’t blame it on his political views. He thinks it’s the growth of the internet, or perhaps mistakes he’s made that have nothing to do with politics.

[N. Theknow]

He is trapped in a financial and competitive trap of his own making, and may have to rely on new money coming into the company at the price of relinquishing his managerial power.

The Captain of the Titanic is looking for more water.

[popdonnelly]

A liberal Democrat losing his soapbox? Now that would be newsworthy.

[gridlock]

These are only a few of the Anericans who occur to me as potential candidates. If we broaden the universe of poetnial moneybags to include people and entities domiciled in places like, say, Dubai, the list would be even longer.

That has always been my assumed scenario. Eventually the losses will get so huge, somebody will be able to buy good press for themselves by buying the times at a fire sale.

[vetsvette]

“Will Pinch Sulzberger Lose The New York Times?”

We can hope so. And, then he’ll be free to move to North Korea and live in the kind of utopia that he’s worked to so hard to attain for the rest of us.

[Tarpon]

Do the rest of your assignment click

[joebuck]

"Hopefully Murdoch will help the process along with the WSJ purchase."

Once the Journal starts offering ad space with twice the reach at half the cost it will be the death knell for the old gray lady. Ashes to ashes - dust to dust.

[sono]

NY Times vs News Corp

[Doctor Raoul]

He doesn’t blame it on his political views. He thinks it’s the growth of the internet, or perhaps mistakes he’s made that have nothing to do with politics.

Communists make bad capitalists.

[Beatthedrum]

I guess one of the best things about heredity - you can pass on all the money you want, but there’s no guarantee your offspring will be intelligent, good-looking or have any class...

This dolt is proof of that.

[Doctor Raoul]

That’s also a comparative analysis of the credibility of the NYT versus FOX.

[Greg F]

May the NY Times die.

[TenthAmendmentChampion]

Ping

[Red Badger]

NY, your Times is UP!...................

[MrB]

Hopefully Murdoch will BUY the NYT...

Imagine the high pitched keening from the Moonbats (MOveONBAT.org).

[DGHoodini]

Sulzburger and the NYTs rats turned on the USofA, and now the USofA is turning on them.

[RKV]

Bingo!

I do think, however, that it might be useful to keep Pinch on at the NYT. Why? I don’t ever want them to come back. I want them weak, powerless and an intellectual punching bag. I want to beat them like a rented mule, like a drum. Loud, hard and regularly. The need to continue to be the arrogant assholes they are and piss off everyone else who has a lick of sense. I want them to be a byword, a joke, a pathetic demonstration case for what happens when you abandon truth in search of power.

I guess you can tell I don’t much care for the NYT, eh?

[DogByte6RER]

Thank you. Those clips are priceless.

I just e-mailed them to my friends...

[Thud]

awww

[CDHart]

Is that an actual picture of what was published on a particular day?

Carolyn

[Grampa Dave]

“So who get’s to put the stuffed head of Pinch over their mantle? Roger Ailes or Rupert Murdock?”

Actually, it would look good over GW’s mantle in his ranch home in Texas with its glazed over eyes and gay stare.

[Grampa Dave]

Just more proof that the fascist controllers of the MSM are unable to compete an a free market with real competition.

Viva Capitalism as it wipes out socialists and fascists.

“And now, as he explained, the looming threat of new competition for its advertisers and readers is likely to intensify the financial pinch.

News Corporation, with 24 times the market capitalization of The New York Times, will soon be moving in on his advertisers and readers, and prices cuts for both groups would build market share for the rising News Corp properties and cut revenues for Sulzberger’s outfit.”

[DogByte6RER]

I doubt it.

I found the image on The People’s Cube, a faux Marxist website that pokes fun at leftists, liberals and Dems by using satire.

You can check out the website at:

http://www.thepeoplescube.com/

[Uncle Hal]

According to the chart the stock price of the paper has lost 60% of its value in 4 years. The stockholders cannot be very happy. Love to see Rupert Murdoch take a run at the paper. I am sure now that he controls the WSJ, he will make life more miserable for Pinch.

[george76]

Did Pinch try to get Warren Buffet to give up some money for some equity in the rag recently ?

I have not heard anything lately.

[Grampa Dave]

Warren ain’t no dummy when it comes to deals like that. He may be liberal, but he won’t fund them.

[NRG1973]

For the time being, the best thing that can happen is for the NYT to continue to lose revenue (sales and advertising) and take on debt. Eventually, the creditors will force it into Chapter 11.

[Liz]

Will Pinch Sulzberger Lose The New York Times?

I just hope Daddy Sulzberger doesn't do anything drastic to Pinch over this. LOL.

[Grampa Dave]

Is Daddy Sh still alive?

[Lancey Howard]

So who get’s to put the stuffed head of Pinch over their mantle? Roger Ailes or Rupert Murdock?

We do.
Right next to Dan Rather's stuffed head.

[Liz]

I heard he had a near-death experience when he saw the bottom line.

[Lancey Howard]

Warren ain’t no dummy when it comes to deals like that. He may be liberal, but he won’t fund them.

Maybe Soros would. After all, the NY Times is essentially a mouthpiece for MoveOn and the rest of the radical socialist Democrat left, so maybe he would be interested in keeping the paper alive. Plus, Pinch wouldn't have to go anywhere.

[Calvin Locke]

“Daddy” is known as “Punch”, fwiw.

[MileHi]

Will Pinch Sulzberger Lose The New York Times?

Hope the Old Gray Whore goes tits up.

[Grampa Dave]

$oreA$$ is a real possible player to keep the Slimes alive and other dinosaur fish wraps.