In response to:

The New York Times Gets Life Support

M1946W Wrote: Nov 11, 2012 8:19 AM
I'm sure those vulture capitalists at Bain can buy up the Grey Lady and turn the operation around. Oh wait! They're all Obama bundlers and supporters now.

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.

Newspapers in...

Related Tags: New York new york times NeW