Skip to comments.Bloomberg Canít Save New York Times Co. (NYT stock price is in free fall, needs bailout...)
Posted on 06/03/2012 6:12:04 AM PDT by jimbo123
New York magazines recent profile of New York Times Co. (NYSE:NYT) Chairman Arthur Sulzberger does a great job portraying the family drama and economic pressures that led to the ouster of his one-time friend CEO Janet Robinson. Perhaps hoping to end the depressing story on an optimistic note, the article raised the notion that Bloomberg L.P., the private media company founded by New York Mayor Mike Bloomberg, would ride to the rescue of the beleaguered publisher and save the paper from itself, a kind of best worst-case scenario for the Ochs-Sulzberger family.
New York Times Co. is adrift. Its share price is in free fall, and it lacks a CEO. Neither Bloomberg nor any other suitor owns a big enough magic wand to make the companys problems disappear.
(Excerpt) Read more at investorplace.com ...
Perhaps the lib-O-Rats can persuade the Obamadork to provide a government “loan” to the NYT.
It’d fit the format...no talent, no hope, no future.
First we need Baraq to allow NY State to issue unlimited amounts of federally guaranteed bonds. Then the state can bolster up the Times.
Short it while you can.
Time wounds all heels.
Who reads the NYT? Can someone post their top advertisers here. Please.
I looked once and could not find an Internet source to tell me. Who are their top 5 or 10 funders. We need to target a couple for a conservative boycott. If the right could put the NYT down, that would be newsworthy and excellent incentive for some other outlets to reconsider their drift. The NYT is weak, how can we push them over the edge.
I want Krugman scavenging for food in trash cans.
I needed to read a “feel good” article in the worst way! Thanks!
Pinch and the heirs heed a bailout ping.
I thought Carlos Slim would end up owning it. He propped it up the last time they had a crisis.
I like that idea. Maybe if they started printing something that people wanted to read they could survive. Problem is the paper is too damned expensive for wrapping fish or lining birdcages anymore.
We ought to make a law (Iknow - too many lawas now) that says that anyone suggesting that governments bail out private businesses must first donate 90% of their own wealth into said bail out efforts.
Looks like the family is going to ride Pinch’s liberal train right into oblivion.
“News schmews! I don’t care how many jobs we kill, everyone must know how I feel about everything! I am the only one that counts! I care more! I know more! I am more!”
I want everybody associated with the Democrat newsrooms to lose their jobs, their homes, and their families. For what they have done to America they deserve nothing less.
Some of you younger freepers out there may not know this, but the New York Times was at one time a very reputable publication. It wasn’t always a big city version of The Daily Collegian, with a newsroom full of liberal homosexuals, metrosexuals, affirmative-action incompetents, and feminist loons. Forty+ years ago, when I was in high school, the New York Times was trusted as a legitimate source for news and reasoned editorial positions. I am not making this up.
Sure, the New York Times has always been an unabashed mouthpiece for the Democrat party, but the paper used to attempt to explain that support in a rational manner. The people in charge back then were grownups, and they had some shame. That was a long, long time ago.
“Looks like the family is going to ride Pinchs liberal train right into oblivion.”
This would be cause for a wild celebration in our household. The only thing that would make it better would be if the Ochs-Sultzberger “Trust Fund Babies,” strung up Pinch in the doorway of the paper’s headquarters.