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Doug Ross @ Journal
"Start your day off right with a New York Times investors digest!"
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Here's something to start your day off right: all of the news at our beloved
New York Times
is bad news.
On a day
the market surged nearly 500 points (or 6.5%)
the Times shed 7.7% of its already dramatically reduced value.
[Image]And the
five-year NYT stock chart
looks like something only a cliff-diver would love.
[Image]The Wall Street Journal is
aggressively pursuing the Times' advertisers
; the Times was forced to
reduce its dividend
, and the only son of publisher Arthur Sulzberger, Jr. was just
recalled from his Portland, OR reporting job
.
I give 'em three to six months before we get the inevitable "we're exploring all options" line.
Ahhh... doesn't that feel better?
posted by directorblue at
8:55 AM
on Nov 22, 2008
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"Start your day off right with a New York Times investors digest!"
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