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NY Times CEO exiting, without explanation
Reuters via Yahoo News ^ | 12/16/2011 | Paul Thomasch and Jennifer Saba

Posted on 12/15/2011 11:48:27 PM PST by Enchante

...The Times Co gave no explanation for Robinson's sudden departure, which caught analysts as well as company insiders by surprise. Speculation among industry observers and the analyst community centered on the company's faltering stock price, which has declined more than 80 percent since Robinson was appointed CEO in December 2004....

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: 200412; leftists; liberalism; liberals; media; mediascum; mentaldisorder; msm; nyt; nytimes
awww for an instant I hoped this meant that they were deposing the fatuous leftist Pinch Sulzberger, but no such luck..... he's the Chairman not CEO, and he's still in charge, for now at least.....
1 posted on 12/15/2011 11:48:33 PM PST by Enchante
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To: Enchante

always nice to see troubles at the NY Times..... lol


2 posted on 12/15/2011 11:49:09 PM PST by Enchante
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To: Enchante
The Red Gray Lady just got grayer . . .
3 posted on 12/15/2011 11:56:28 PM PST by Olog-hai
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To: Enchante

I want everybody who works in the Democrat newsrooms to lose their jobs, their homes, and their families. For the damage they have done to America they deserve nothing less. Hurry up and die, New York Times. Just die.


4 posted on 12/15/2011 11:58:57 PM PST by Lancey Howard
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To: Enchante
Ah. Another black eye for the Old Grey Withered Decrepit Lady. Way to go Pinch. Your father would be proud.


5 posted on 12/16/2011 12:02:32 AM PST by Lazlo in PA (Now living in a newly minted Red State.)
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To: Enchante

A falling out amongst the queer mafia?

Pinch not getting enough clubbing time? Had to mortgage the yacht? His Boy-toys?


6 posted on 12/16/2011 12:36:25 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: Lancey Howard
"Hurry up and die, New York Times."

They'll just hit up The Obammunist's biggest foreigh contributor, Carlos Slim Helú, to buy another 6.4%.

yitbos

7 posted on 12/16/2011 1:07:12 AM PST by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: Enchante

NYT is a Communist kamikaze.


8 posted on 12/16/2011 1:10:26 AM PST by RingerSIX (My wife and I took an AIDS vaccine that they offer down at our Church.)
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To: RingerSIX

Without Slim Carlos they would be in Bankruptcy Court.


9 posted on 12/16/2011 4:29:08 AM PST by scooby321
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To: Enchante
Why in the world would you want “Punch” to be toppled? He's doing a great job of unintentionally destroying his clans wealth. The NYT is selling at $7.84 a share and falling. Even Carlos Slim has to be wondering. IIRC it was about $58/share when Punch took over.

________________________________
Four years ago....

Oct. 17 2007(Bloomberg) — Morgan Stanley, the second-biggest shareholder in New York Times Co., sold its entire 7.3 percent stake today, according to a person briefed on the transaction, sending the stock to its lowest in more than 10 years.

The person declined to be identified because Morgan Stanley hasn't made the sale public yet. Traders with knowledge of the transaction said Merrill Lynch & Co. brokered a $183 million block trade of 10 million New York Times shares this morning.

Hassan Elmasry, managing director of Morgan Stanley Investment Management, unsuccessfully challenged the Sulzberger family's control of New York Times Co. through super-voting stock that gives them a board majority. Shareholders owning 42 percent of the company, parent of the namesake newspaper and Boston Globe, withheld support for directors at the publisher's April annual meeting.

``This guy has been speaking for a lot of people who are too discreet to speak up and challenge management,’’ said Porter Bibb, a managing partner at Mediatech Capital Partners LLC in New York and a former New York Times Co. executive.

New York Times shares slid 43 cents, or 2.3 percent, to $18.48 at 4:04 p.m. in New York Stock Exchange composite trading, the lowest since January 1997. The stock has declined 24 percent this year”
___________________________________

And don't forget the big buyback and sales of assets.

No, I say, “Punch” must stay to finish the job of burying the New York Times for once and all. Who else could get the job done?

10 posted on 12/16/2011 4:29:55 AM PST by Covenantor ("Men are ruled...by liars who refuse them news, and by fools who cannot govern." Chesterton)
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To: Enchante
Looks to me like Robinson is getting a $4.5 million golden parachute.....

New York Times CEO Janet Robinson to step down

Gee, wonder what the OWS crowd will think of that....

11 posted on 12/16/2011 4:35:28 AM PST by mewzilla (Santelli 2012)
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To: Enchante

I think he just got “the Call” from the One’s campaign. I imagine Rahm was even on the call. Their plans (OWS, Acorn, etc.) are not working and their paper is not doing enough. Watch for an utter DNC implant or maybe union thug.


12 posted on 12/16/2011 4:59:12 AM PST by epluribus_2
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To: Lazlo in PA

Love that picture. Got clubbed like a baby seal


13 posted on 12/16/2011 5:32:20 AM PST by reefdiver ("Let His day's be few And another takes His office")
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To: Enchante

Boo Hoo!

Robinson’s replacement will be some clown who didn’t make the cut as a *czar* in the Hussein regime.


14 posted on 12/16/2011 6:15:59 AM PST by Daffynition ( *Socialism, has a record of failure so blatant that only an intellectual could ignore it*)
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To: Enchante
can't even get a quarter for a trick anymore.
15 posted on 12/16/2011 6:26:49 AM PST by pabianice (")
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To: Enchante

Rats .... sinking ... ship


16 posted on 12/16/2011 10:29:55 AM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: scooby321

Maybe Soros will have to bail them out now..... but even ol’ Soros doesn’t seem whacko enough to waste his money on the NY Times crowd.... he gets more bang for his “progressive” bucks in other places.


17 posted on 12/16/2011 10:46:07 AM PST by Enchante
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To: Enchante

Schadenfreude!


18 posted on 12/16/2011 11:17:22 AM PST by StAnDeliver
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To: Olog-hai

“The Red Gray Lady just got grayer”

With a few more torpedoes we can put the Gray Lady down.


19 posted on 12/16/2011 2:26:18 PM PST by secondamendmentkid
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To: Lancey Howard

As many times that the NY Slimes has, in my opinion, committed treason against America, they should be imprisoned, not just fired.


20 posted on 12/17/2011 12:46:21 PM PST by XenaLee (The only good commie is a dead commie.)
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