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In Despair, New York Times Pens Suicide Note

PETERTIMBER Wrote: Oct 29, 2012 12:49 PM
I read the NY times each Sunday when I got to the 6th grade (my teacher said we should read the NY TIMES and that if we get smart enough we could go to college on a scholarship so your hardworking parents would not have to pay for your college education and you can make lots of money when you graduate and take care of your parents (everybody died 3 years after getting social security anyway but some lived to be 68!!

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...