Skip to comments.Embattled dynasty comes out fighting after predators attack New York Times
Posted on 12/09/2006 5:48:50 PM PST by mdittmar
Beset by calls for reform from angry shareholders and a dismal stock price on Wall Street, the beleaguered New York Times Company began to fight back last week, saying it had 'no intention' of dismantling an ownership system that gives the Ochs-Sulzberger family absolute power over the media giant.
For the past century, the family has controlled the company but sharks are circling as the paper struggles to adjust to the internet and achieve market value commensurate with its place as one the world's most influential newspapers.
(Excerpt) Read more at observer.guardian.co.uk ...
We all know that reuters has only 7 non "Iraqi" journalists in all of Iraq.
So just who are these "journalists" that get their headlines splashed across every U.S. newspaper?
My headline would be "Suckers Tired of Watching Their Investment in NYT Turn to Shit"
I agree. I want to see the The New York Times in a graveyard.
Try to understand this: it isn't "the internet" that is destroying the New York Times. It is the New York Times. And it is no longer one of the world's most influential newspapers. Not in an era when truth is readily available with a mouse click.
THAT is what the Times -- and so many of its fellow travelers -- is having trouble adjusting to.
Little did I know I could not vote.
The leftists who run it are in the cross hairs of many, however, for varying reasons.
Meanwhile, I'll collect some dividends and wait my turn.
Perhaps the moonies could buy the NYT and actually make money while running it?
Eventually the NYT will reach a level of "hardcore readership" that likes slanted coverage and being lied to by these folks.
I will say that there has never been a better time try to start a conservative straight reporting newspaper, the country needs it and there is a market.
Boycott the Times.
Are all shares non-voting shares? What's the point of ownership?
Bin Laden will use his millions and bail his US propaganda arm out.
"achieve market value commensurate with its place as one the world's most influential newspapers."
That's the problem. Sulzberger's actions are making it a less influential newspaper.
Insiders like Pinch and Keller are the predators, sucking the life blood out of the NY Times, while the "little people" get laid off and underpaid.
what i love about the hypocritical ochs/schulzburgers is that they insist that every OTHER institution should be run democratically, while they run their own propaganda empire as a family autocracy!!
i think they should have to give one tenth of the VOTING stock to each of the historically under-represented groups: e.g., palenstinian terrorists, african-anericans, southron good ol boys, army wives, long island republicans, and all the rest of us who have been excluded from their elitist, racist, and patriarchal empire.
we MUST speak truth to power !!!!
Well, this is true. They'll just let him ruin it. Then, there won't be anything left to sell, and they'll all be penniless. Which suits me just fine.
Truth is fascinating!
Short it or buy Puts.
I don't if the stock can be borrowed, though.
"chief executive Janet Robinson ... was pleased the Times had a dual class structure 'designed to protect these institutions in times of stress'."
What arrogant princes and princesses they all are! What elitist, ossified dinosaurs they are!
With their "ruling families" and "dual class structure" and "concentrating power in family hands" and "protecting these institutions", these people sound like the French aristocracy just before you-know-what happened. These liberals sound positively backward--by their own definition of the term.
I hope the Shareholder Gangs of New York eat them.
I saw a statement in an investment letter from someone at the NYT, and they want to protect "journalism from outside interests" taking control of their effetist, leftist, cocktail party friends.
May God Bless America.
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