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The New York Times Gets Life Support

Don3026 Wrote: Nov 11, 2012 5:37 AM

They haven't learned anything yet... when half the skilled labor is laid off, when tax revenues drop by 30-50% and unemployment is 15-20%, they might notice the angry people in the streets... Assuming the media has learned something or anything about doing their job, reporting ALL the news ALL the time...

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The New York Times Gets Life Support

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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