Newspaper Shares Near Valuation Floor: Analyst (Dinosaur Media DeathWatch™)

Forbes ^ | August 22, 2006 | R.M. Schneiderman

[hinckley buzzard]

Lovely. May it go the way of the Enron Building. Or Enron Field.

[george76]

NYT : In just one month...

overall revenue slipped 1.8% as advertising revenue dropped 3.3% in July compared with the same month a year ago.

At the New York Times Media Group, which includes the flagship newspaper, ad revenue was down 4.6%...

Advertising continued to be dismal at the company's New England Media Group, which includes the Boston Globe and the Worcester Telegram & Gazette, as revenue plunged nearly 12%...

If they do this for 12 months....

8-)

.

[Milhous]

An oldy but goody.

Pinch Gets Punched

I hear the Sulzberger clan is also getting an earful from friends on the dinner party circuit from New York to Paris

. . .

But the New York Times Company (and its shareholders) will still need to come up with almost 400 million dollars more to complete the Taj Mahal it is erecting as Pinch’s monument to himself. That’s quite a palace for company whose shares are down 40-some percent in the last year, and whose assets are deployed mostly in declining businesses like newspapers and broadcast television stations.

[Ernest_at_the_Beach]

Now that really looks good!