Free Republic

Tribune's January Revenues Decline 5 Percent; Circulation Down CHICAGO (AP) -- Tribune Co. said Friday that monthly revenues dropped 5 percent in January, keeping up the pressure on the media conglomerate as it continues to study what steps to take to reinvigorate its operations and slumping share price. The worsening advertising environment for newspapers took a bigger toll than usual. Ad revenues from the publishing unit declined 7.3 percent from a year earlier to $268 million, lagging the rest of the industry. Amid an industrywide slump, J.P. Morgan analyst Frederick Searby called Tribune's latest advertising revenue revenues "the worst monthly...

It has finally happened. The left is beginning to turn against New York Times publisher Arthur Ochs Sulzberger, Jr., known far and wide as “Pinch.” It is simple to understand why: the New York Times is becoming a failing business under his stewardship, and the Left needs the NYT. Faithful readers of The American Thinker have known this for over two years, as we have chronicled the journalistic and economic decline of the New York Times Company. We started warning investors that their money was at risk before the common stock lost half its value. We slogged through to SEC...