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In Despair, New York Times Pens Suicide Note

bhan999 Wrote: Oct 30, 2012 12:44 AM
C'me on, pan. He continued with Bush's plan in Iraq to the letter. Then, after dithering for months, he half-way copied the surge strategy in Afghanistan while at the same time broadcasting to the world (and the enemy) our exit timetable. And that makes you proud?

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...