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The New York Times Gets Life Support

John4694 Wrote: Nov 11, 2012 9:54 AM
I can hardly wait until papers like the New York time go belly up. They and the liberal ABC, CBS, NBC, MSNBC and CNN are a prime reason that we have that thing we call a president. Do you suppose that those mediums will continue to support him as we continue our decent into mediocrity like Greece. But it seems that this is the only way that those uninformed and parasitic free loaders will be taught what a deplorable, big government and anti free market excuse for a president has brought them.

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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