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2005-09-24 Home Front: Economy

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Posted by Anonymoose 2005-09-24 10:29|| || Front Page|| [2 views since 2007-05-07] Top

#1 ...And yet, they refuse to understand WHY the Gray Lady is on a steady and quickening slide towards tabloidom.

Mike

Posted by Mike Kozlowski 2005-09-24 10:46|| 2005-09-24 10:46|| Front Page Top

#2 Thats no Lady.....

Posted by CrazyFool 2005-09-24 10:52|| 2005-09-24 10:52|| Front Page Top

#3 Glad to see S&P finally catching up with Rantburgers, Lizardoids, etc.

We haven't given the NYT any credit in years.

Posted by Barbara Skolaut">Barbara Skolaut 2005-09-24 11:09|| http://ariellestjohndesigns.com/page/15bk1/Home_Page.html]">[http://ariellestjohndesigns.com/page/15bk1/Home_Page.html] 2005-09-24 11:09|| Front Page Top

#4 Side note - my buddy's the union president at the Boston Globe. While he was discussing the (then pending) situation with the company's management, they sent the e-mail out notifying the union members of the layoffs.

In other words, they sandbagged him; he got out of the meeting almost an hour after the e-mail was sent; a lot of the union members were (probably still are) pissed because he didn't rapidly respond to the situation.

Posted by Raj 2005-09-24 11:17|| 2005-09-24 11:17|| Front Page Top

#5 That's before the s**t hits the fan with the creative bookkeeping the MSM has been using to pump their subscription numbers. Think the MSM sharks will eat their own using the same standards they applied to Worldcom and Enron executives? Watch for advertiser groups to sue for misrepresentation of subscription data that the papers used to set ad rates.

Posted by Chineck Angitch6709 2005-09-24 11:25|| 2005-09-24 11:25|| Front Page Top

#6 Normally I don't like getting joy out of other pain, but in this case it has been LONG in coming and richly deserved.

Posted by Cyber Sarge">Cyber Sarge 2005-09-24 11:32|| 2005-09-24 11:32|| Front Page Top

#7 Thats no Lady.....

Old grey shrew?

Posted by badanov 2005-09-24 11:59|| http://www.freefirezone.org]">[http://www.freefirezone.org] 2005-09-24 11:59|| Front Page Top

#8 I wouldn't get too carried away here. NYT is a very profitable company. More profitable by far than Dow Jones and Co., which publishes the Wall Street Journal*. And certainly more profitable than either the Washington Times or the New York Post, both of which are losing money and have lost money for years. Most of the liberal media are run like businesses - for shareholder benefit - and are immensely profitable.

Profitability is declining because advertisers are diverting their ad dollars to the internet - there is pretty much a fixed pool of ad dollars and more for the internet means less for radio, tv and print media. Is this good or bad? When you consider that most of the large internet players provide content sourced from the liberal media (MSN, Yahoo, Google, Fox News), I don't think there's anything to celebrate as yet.

* 8.8% margin vs 5.9% for Dow Jones and Co.

Posted by Zhang Fei 2005-09-24 12:06|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2005-09-24 12:06|| Front Page Top

#9 right, ZF - if you believe their figures. I don't, and they will pay the price when realistic subscription numbers come out/ad revenue drops to what it should be, just ask the LA Times

Posted by Frank G">Frank G 2005-09-24 12:14|| 2005-09-24 12:14|| Front Page Top

#10 What Frank said.

NYT is going down. The NYT must be destroyed.

Posted by Marcus Porcius Cato 2005-09-24 12:55|| 2005-09-24 12:55|| Front Page Top

#11 Net income of $330.31 million on revenue of $3.33 billion. Not bad at all (the financials, not the content).

Posted by DMFD 2005-09-24 12:57|| 2005-09-24 12:57|| Front Page Top

#12 Well, the NYT was all up and down my street yesterday, and I know I didn't subscribe! Maybe that's how they get their numbers up - they give away freebies trying to gain circulation? Must be desperate! (One can only hope!)

Posted by Bobby 2005-09-24 13:00|| 2005-09-24 13:00|| Front Page Top

#13 No Bobby, that's how they pad the subscription numbers for the accounting office. Its all Hollyweird bookkeeping and the people who are suppose to vouch for the numbers are about as interested in real numbers as Arthur Anderson.

Posted by Chineck Angitch6709 2005-09-24 13:05|| 2005-09-24 13:05|| Front Page Top

#14 Will also be interesting in how that pay-for-crap-from MoDo, Krugman, Rich, et al goes. I bet they lose their ass

Posted by Frank G">Frank G 2005-09-24 14:46|| 2005-09-24 14:46|| Front Page Top

#15 Frank - Here's Mickey Kaus' take. It doesn't look good so far.

Posted by Raj 2005-09-24 16:07|| 2005-09-24 16:07|| Front Page Top

#16 heh heh - waiting with baited breath for the press release touting the numbers

Posted by Frank G">Frank G 2005-09-24 16:33|| 2005-09-24 16:33|| Front Page Top

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