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The New York Times Gets Life Support

kathybgc Wrote: Nov 11, 2012 8:59 PM
Totally agree!! Did not realize the NYT is the Grey Lady. The rags in northern CT are also liberal. One newspaper, I'd be willing to bet that people who actually subscribe to the hard copies are way over 50% moderate to conservative. Cancelled one. About to make that two. More money saved in addition to not going to liberal movies or buying liberal music CDs. Yipppppee on finding discretionary money.

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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