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The New York Times Gets Life Support

Joe147 Wrote: Nov 11, 2012 7:56 AM
The NYT has forgotten the warnings of Abraham Lincoln. "You can fool some of the people all of the time, all of the people some of the time, but you can't fool all of the people all of the time". I, for one, believe nothing that the New York Times writes about. They are LIARS and worse. I no longer do business with their advertisers....why would I? Their pending demise is self assisted suicide. It is the insanity that comes from insisting that the rest of the world think just as the owner and editors of the NYT insist they do. Ain't Working!!!

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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