[eddie willers]

Maybe they should hire Jason Blair as an accountant.

[Timesink]

Schadenfreude

This is the New York Times Schadenfreude Ping List. Freepmail me to be added or dropped.

[surely_you_jest]

** snicker **

[Tribune7]

ping

[geedee]

Life is good.

[Pharmboy]

Their problem is that liberals are dying off faster than they can be replaced by 20 year olds.

The young 'uns are moving to the right quite decisively, including under thirty African Americans and Jewish voters. Pity.

[Temple Owl]

Just think. It used to be the paper of record. (heh heh). Oh joy!

[SandRat]

and we are supposed to shed a tear for the NYT because?????

[IronJack]

Management at the Times did hold out some hope, however, despite the generally gloomy forecast. "Our newsprint has been well received in the tissue industry, and is noted for its absorbency," said an anonymous spokesman for the syndicate. He said he expects sales of two-ply Times to increase up to 10 percent this quarter, "what with the Halloween season and all the tp'ing and all."

[Waco]

Boo Hoo,,,,,,,Booooo Hic

[PhilipFreneau]

The Times (symbol NYT) appears to be a good stock to sell short. Let's drive the price down.

[Crawdad]

I just found this on the NYT Yahoo Message Board.

"Looking at NYT B/S you find that NYT has unrealized negative financial [book] value, i.e. financially bankrupt:
1. Lower quarterly cash balances, growing receivables (bad/deferred accounts?), growing ST debt and other liabilities.
2. Taking out accounting non-cash gimmick of about $1.1B in "Goodwill" ("good" for tax acounting only, but not otherwise a real "asset") you are left with "Total Assets" exceeding "Total Liabilities" by only about $150mln, i.e. approximately $1/share in BV, of which highly illiquid (and only estimated) "Total Property/Plant/Equipment" is another $1.2B ($8/share).

IF S&P/Moody's will downgrade NYT ratings, NYT will have to pay more to service debt and depress those earnings still more.

Corporate may understand that advertising in NYT doesn't get them much anymore as fewer and fewer people regard NYT as must-read paper or as a source for "news"."