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The New York Times Gets Life Support

Leonard152 Wrote: Nov 11, 2012 6:26 PM
So much has been written about why Romney lost the election. One reason I have not heard or read about is that Liberal and Democratic voters are really not very smart. The elite that deludes them knows what it's doing but the voters' minds are like blank tablets on which anything can be written, is then accepted with no questions asked, and is repeated ad nauseum in predefined talking points and slogans. No reasonably intelligent person could have voted for Barack Obama in 2012. The election was not rigged. The voters minds were.

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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