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The New York Times Gets Life Support

anonymous12673 Wrote: Nov 11, 2012 7:29 PM
I cannot help but to hope for their demise ASAP! They are an enemy to the people of this Country with their lies and support for Socialism. They will reap what they sow!

The common stock of the New York Times (NYSE: NYT) plunged from $10.87 last week to a close of $8.19 on Friday after the liberal mouthpiece announced that its 3rd quarter net income dropped 85 percent.

While analysts are blaming soft advertising revenues, I think something more ominous is happening at America’s national, bleeding-heart newspaper.

(Editor's note: I'm taking a few days off. I'll see you guys again on Tuesday with a crop of Email and Hate Mail)

For sure, advertising revenues are dropping nationally as economic conditions have deteriorated over the last two quarters.

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