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The New York Times Gets Life Support

cher15 Wrote: Nov 11, 2012 8:51 AM
I agree. My PHD neighbors cannot figure out how to cut grass, lift the hood of their car or put together a $12 bird feeder. I now understand why big urban areas are so Democratic. Politics must use the same part of the brain that common sense is harboured.

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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