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In Despair, New York Times Pens Suicide Note

Marvin E. Fox Wrote: Oct 29, 2012 9:35 PM
New York Times , and libs. No matter how obvious it is that things are going wrong, the libs reporting the situation will swear the libs causing the situation are doing a great job of making things better, usually against staggering odds. Great article, keep up the good work! Marvin Fox

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.

For sure, advertising revenues are dropping nationally as economic conditions have deteriorated over the last two quarters.

Newspapers in general are struggling still as advertisers turn more money over to digital. Unlike newspaper display ads, which are just dead print on a...