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The New York Times Gets Life Support

Hawker 1 Wrote: Nov 11, 2012 6:13 AM
Easy one . They the lefties rely on the simple minded to fall for the media(9 out of 10) telling them it is Bush's fault they are without a job but they the lefties will take care of them . Rent paid ,phone paid with free min.s included,food paid via food cards,etc. Freedom , who needs freedom when they have the Gov. All of that will come to an end just as it has with the USSR,Cuba,Korea and the list is long. Look to the EU. Greese,Spain,Itlay,UK. Its coming to the USA . Maybe not this year or next but it will happen . The Julies of the USA just don't know any better.

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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