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The New York Times Gets Life Support

kathybgc Wrote: Nov 11, 2012 8:29 PM
Good advice. I'm going a step further. Not going to movies of liberal movie stars. Have tossed out liberal music CDs. I'm saving money and decluttering at the same time. Next goal is to review the catalogs I buy stuff from. That might be harder to do and take some research. If a company has their headquarters in a liberal state and the town is also liberal, then out it goes. If it's in a liberal state but the town is conservative or moderate, it's a keeper. I don't want to be arbitrary and punish a company because it happens to have its headquarters in a liberal state. Bye bye, Streep, Baldwin, Springsteen,Pitt, Jolie, Annisten, Damon, Streisand, NYT book review and puzzle.

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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