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...












But, then again, in Jonestown they willingly drank the koolaid, and the jungle stank with the bodies.
My problem, once again, is I cannot say their end of the boat is sinking, while I bail it out, while my kids are with me in the same boat with them. I just wish they would stop punching holes.
All the distinctives of a Religion are there, but never mind.