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In Despair, New York Times Pens Suicide Note

bassboat Wrote: Oct 29, 2012 12:03 PM
My problem is not so much with the editorial staff at the Times, they have the option to show their ignorance, but with the advertisers of the Times. It is time for them to say enough is enough. If nothing else the editorial staff should have at least a 50-50 conservative voice and then let the readers decide. That is the trouble with liberals, they want the power to tell you how to live and freedom is just a word in the dictionary.

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.

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

Newspapers in general are struggling still as advertisers turn more money over to digital. Unlike newspaper display ads, which are just dead print on a...