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In Despair, New York Times Pens Suicide Note

Nancy65 Wrote: Oct 29, 2012 8:18 AM
Sounds a lot like China under Mao. He crammed several families into one house, divided by temporary walls. His red guards (teenagers) smashed everything of value they could find, including objects from the Ming Dynasty. Read "Life & Death in Shangai" it will open your eyes. IT CAN HAPPEN HERE!

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...