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In Despair, New York Times Pens Suicide Note

OscarL Wrote: Oct 29, 2012 3:43 PM
Well my parrot will be sad to see them go but he's a liberal, got that way from the Times being at the bottom of his cage. Only good place for it. Maybe they think they are one of the to big to fail companies and Obama will bail them out. If he wins I would not be surprised at all.

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...