Article

2008-11-21 Home Front Economy

New York Times cuts dividend, 'reevaluates' assets

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Posted by Steve White 2008-11-21 11:16|| || Front Page|| [6 views ] Top

#1 Ha ha!

Posted by newc">newc 2008-11-21 12:04|| 2008-11-21 12:04|| Front Page Top

#2 "All the News That's Schit to Print"

Posted by Besoeker 2008-11-21 12:51|| 2008-11-21 12:51|| Front Page Top

#3 No, no Besoeker its:

"All the News That's Schit to WE Print"

There fixed it for you.

Posted by AlanC 2008-11-21 12:58|| 2008-11-21 12:58|| Front Page Top

#4 I think the NYT still has some very good reporters - but they hamper them with a lot of PC BS, plus horrible editorial oversight. There is a market in this country for a conventional - but national - newspaper, unfortunately the NYPravda is not that paper anymore.

Posted by Glenmore 2008-11-21 13:04|| 2008-11-21 13:04|| Front Page Top

#5 Johnson, you know what to do!

Posted by .5MT 2008-11-21 13:25|| 2008-11-21 13:25|| Front Page Top

#6 This dividend cut is actually a good (and long overdue) move. It means they no longer have to borrow money just to pay it. NYT has a great franchise, but has been so badly run, from a financial perspective, that their results stink to high heaven.

Posted by Zhang Fei 2008-11-21 13:58|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-11-21 13:58|| Front Page Top

#7 Here's to seeing that traitorous cow dying soon! Good riddance, and may posterity forget ye were our countrymen.

Posted by Rob06">Rob06 2008-11-21 15:15|| 2008-11-21 15:15|| Front Page Top

#8 Sounds bad. Pinchy might haveta give up his crack whore weekends in the Hamptons...

Posted by tu3031 2008-11-21 16:42|| 2008-11-21 16:42|| Front Page Top

#9 Pinchy: Johnson, you're fired! I want your desk and office cleaned out and be out of here in an hour.

Johnson: Can do, Boss!

Posted by Alaska Paul 2008-11-21 16:48|| 2008-11-21 16:48|| Front Page Top

#10 Actually the New York Times (paper) is horribly run and has squandered its reputation for quality. The NYT (company) did better financially by purchasing smaller and local papers (My mom's paper in Sarasota is owned by the NYT).

These smaller papers were more concerned with local news and better plugged in with local advertizers. In effect the smaller papers were subsidizing the "mother ship".

Unfortunately, Pinch has managed to screw up his flagship paper so badly that even his smaller papers can't save him. He's going to have to sell off his profitable papers to raise cash to keep the New York Fishwrap going. Watch him go the way of GM (only without the bailout).

Posted by Frozen Al 2008-11-21 16:48|| 2008-11-21 16:48|| Front Page Top

#11 I read recent numbers that said they have $450 M in short term debt they can't pay back. If so, bankruptcy within a few months.

Posted by Cynicism Inc 2008-11-21 18:25|| 2008-11-21 18:25|| Front Page Top

#12 Bankruptcy at least.
What's worse than bankruptcy?
Whatever it is, that's them.

Posted by bigjim-ky 2008-11-21 18:28|| 2008-11-21 18:28|| Front Page Top

#13 congress will save them.

Posted by Hellfish 2008-11-21 18:46|| 2008-11-21 18:46|| Front Page Top

#14 put their staff out for hires as prostitutes. It's no worse than they've done for the DNC and Obama, they'll meet a better clientele, and they'll actually bring in some coin. Except for Mo Dowd, no John would want that bitter skank

Posted by Frank G">Frank G 2008-11-21 19:45|| 2008-11-21 19:45|| Front Page Top

#15 Steve, I think you're wrong. General Electric could run the Globe as a loss leader propaganda outlet, just like they do PMSNBC and NBC (and all of their other channels.)

Posted by Thing From Snowy Mountain 2008-11-21 21:54|| 2008-11-21 21:54|| Front Page Top

23:21 Jeremiah Thaise1218
22:35 AzCat
22:17 OldSpook
22:09 OldSpook
22:03 OldSpook
22:03 Penguin
21:54 Thing From Snowy Mountain
21:51 Thing From Snowy Mountain
21:49 Anonymoose
21:46 Thing From Snowy Mountain
21:40 Procopius2k
21:22 Zhang Fei
21:19 Zhang Fei
20:56 Abu do you love
20:36 Frank G
20:23 Anonymoose
20:15 Spike Uniter
20:14 Scooter McGruder
20:07 ed
20:01 Anonymoose
19:56 chris
19:52 Frank G
19:45 Frank G
19:24 Besoeker