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The New York Times Gets Life Support

Jennifer313 Wrote: Nov 11, 2012 6:45 PM
It will be an interesting day, when the Times announces total insolvency and has to close their doors. Very interesting indeed.
Lioness88 Wrote: Nov 11, 2012 8:34 PM
Unless of course, Obama issues an executive order giving the NYT a bailout. Not unlikely and it will be the "official" beginning of state-run propaganda.

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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