Article

2008-04-18 Home Front Economy

New York Times Company Posts Loss (Big-Time)

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Frank G 2008-04-18 00:00|| || Front Page|| [4 views ] Top

#1 At one time, RADIO competed wid something called TV for national-market dominance - despite seemingly losing, it still managed to remain a major and popular part of Americana [albeit
"niche"] up to the present day. CAN "PAPER/PRINT MEDIA" FIND ITS NICHE AND SUCCESSFULLY PREVAIL???

Posted by JosephMendiola 2008-04-18 00:31|| 2008-04-18 00:31|| Front Page Top

#2 Joe, not with the people who write and publish the American newspapers. They have lost the trust of their erstwhile readers and with that trust they have lost their place in American life. The papers can no longer be trusted to even attempt to be objective. The internet has allowed people to see how political the journalists and publishers are. If the facts don't support the agenda or storyline they are pushing, they just make up whatever facts are convenient. Worse, the internet has allowed people to see that many in that profession are some combination of stupid, lazy, or ignorant with a truly profound lack of understanding of the world in which we live. The papers have no future because the people that write and publish them have no respect for the people who used to read them.

Posted by RWV 2008-04-18 01:16|| 2008-04-18 01:16|| Front Page Top

#3 I will not be happy until everyone who works at the NYT is on the pavement and totally ruined financially. That is what they wished for this country and they have lied their best to achieve it. Now it looks like that is about to happen, couldn't have happened to a nicer bunch. You all can rot in hell.

Posted by Sock Puppet of Doom 2008-04-18 04:05|| 2008-04-18 04:05|| Front Page Top

#4 Every cloud has a silver lining.

Posted by Besoeker 2008-04-18 07:42|| 2008-04-18 07:42|| Front Page Top

#5 The mills of the Gods, etc...

Posted by g(r)omgoru 2008-04-18 07:45|| 2008-04-18 07:45|| Front Page Top

#6 They need a government bailout! They're at least as important to the country as Bear Stearns (or Chrysler, decades ago). I'm sure the Senate delegation from NY would concur.

Posted by Menhadden Snogum6713 2008-04-18 07:46|| 2008-04-18 07:46|| Front Page Top

#7 The Grey Lady can't die fast enough.

All major MSM have been liberal cheerleaders and rooting for anything but what has made this country great. Mainly, free market and democracy. Now, I hope they all die off as the free market, what they championed against, brings down their end as people vote with their wallets.

Posted by DarthVader">DarthVader 2008-04-18 07:48|| 2008-04-18 07:48|| Front Page Top

#8 They still don't get it. They'll never get it. People don't want to read about what a shitty country they think we have. They don't want to lose in Iraq, they don't want to pay $5 a gallon for gas and they don't want the EUnicks to run our country. But the Slimes don't get it, so I say go gentle into that good night.

Posted by bigjim-ky 2008-04-18 08:26|| 2008-04-18 08:26|| Front Page Top

#9 big jim

some people do like to read anti American stuff;

for example:
the gay playwrites association,
the faculty lounge group at UC Berkeley,and
the editor of Al Jazzera

so there is still a good sized niche for the NYTimes

Posted by mhw 2008-04-18 08:43|| 2008-04-18 08:43|| Front Page Top

#10 Newspapers are going to have to do what our local paper just did, an all local front page. The national and international news, what little they print, is back near the business section. They just can't compete for that market with the internet. But they can print coupons for my local food store. The savings from these will be sufficient to justify the continuing subscription cost.

The real fun will come when the papers start dropping their AP fees or drop the feed all together. The result is going to be fewer and fewer foreign correspondents and more and more stringers, like the moles who dominate ME reporting. At some point, it will become clear to all that the AP has no better grasp on what is going on in the world than Michael Yon or Iraq the Model.

We will all begin building our own correspondent networks from the bloggers we find credible. News will become much more decentralized, as is truth, and debatable. The final result will be an even more contentious discussion of what is happening in the world based on a far greater variety of sources with a much greater probability of understanding what is actually going on.

Ultimately, the high capital, high cost print media will probably be forced out of the local market as well, as the distinction between pres release and blog becomes further blurred. But that's in my son's lifetime, not mine.

Posted by Nimble Spemble 2008-04-18 09:32|| 2008-04-18 09:32|| Front Page Top

#11 I have a basic question: How could it lose money in the Quarter, and still earn $.14 a share? Is the NYT trying to pull an Enron?

Al

Posted by Frozen Al 2008-04-18 11:42|| 2008-04-18 11:42|| Front Page Top

#12 Manolo! My salts!
And bring the limo around. I'll be drinking early today...

Posted by Pinchy 2008-04-18 11:46|| 2008-04-18 11:46|| Front Page Top

#13 Now if we could just get rid of CBS...

Posted by Abu Uluque 2008-04-18 12:20|| 2008-04-18 12:20|| Front Page Top

#14 " ... after a few more flashes in the pan, we shall hear very little more of Edison or his electric lamp.Every claim he makes has been tested and proved impracticable."

[New York Times, January 16,1880]

Posted by OldSpook 2008-04-18 14:47|| 2008-04-18 14:47|| Front Page Top

#15 Re: #10, the stringer thingy is already in work it appears @ CBS with their comment about subbing out the reporting to CNN, so that consolidation ( outsourcing) looks to be already underway. Only bad part about that is that there wil be fewer sets of eyes on any one event so the report(s) will all look the same. but if circulation of the printed media is dropping and it appears that the TV news is also that may not be a bad thing.

Posted by USN,Ret. 2008-04-18 14:50|| 2008-04-18 14:50|| Front Page Top

#16 CBS announced yesterday they won't be downsizing or outsourcing to CNN. That was an over-excited rumour mill, it seems... or they had to back off when the news got out.

Posted by trailing wife ">trailing wife 2008-04-18 15:41|| 2008-04-18 15:41|| Front Page Top

#17 Maybe, just maybe, when Pinch and the rest of the Sulzberger clan get tossed out on their ear, the NYT might come back to earth-based reality. Problem with that is it might well be too late. As it is, their brand name has been all but fatally tainted by their last 50 years of pure liberal BS. Recovering from that won't be easy.

Posted by Thaimble Scourge of the Pixies4707 2008-04-18 16:56|| 2008-04-18 16:56|| Front Page Top

#18 Besoeker: Every cloud has a silver lining

In this case, the silver lining comes with a cloud: The NYT will probably live on in some other form. Hopefully worm food, but at least they should be scattered to the four winds where they won't be able to support each other so much.

Posted by gorb 2008-04-18 17:04|| 2008-04-18 17:04|| Front Page Top

#19 thanks TW: shows how much time i really spend watching CBS

(person opinion: i still think it will happen, quietly on late friday afternoons, when the rest of the press corps is bellied up to the bar)

Posted by USN,Ret. 2008-04-18 17:10|| 2008-04-18 17:10|| Front Page Top

#20 so funny how they can't admit the real reason they are failing: they treated their readers like a dog treats a fire hydrant.

They've champion the economic downturn as their excuse. But the economy isn't so bad that people can't afford a $4.00 cups of coffee. So let's be honest, that really isn't the reason no one reads them anymore.

We've all turned to the internet, it is true. But the REASON we turned to the internet was because their paper was nothing more than agenda driven propaganda that made the assumption that we were so stupid we would actually believe the lies they print.

Cost of transportation has gone up and they can also claim credit for that since they worked hard to assure that we can't build power plants or drill in the US for oil.

Adios NYT. You willfully slit your own throat.

Posted by Woodrow Slusorong7967 2008-04-18 18:19|| 2008-04-18 18:19|| Front Page Top

23:46 Rankio
23:42 JosephMendiola
23:40 JosephMendiola
23:38 JosephMendiola
23:27 JosephMendiola
23:25 mom
23:21 mom
23:03 GK
22:52 JosephMendiola
22:48 GK
22:44 crazyhorse
22:10 Phinelet Borgia1345
21:53 Rambler in California
21:43 JosephMendiola
21:42 Skunky Elmereter3408
21:41 Justrand
21:37 Frank G
21:36 Frank G
21:34 Rambler in California
21:33 Anonymoose
21:31 Rambler in California
21:29 Skunky Elmereter3408
21:27 JosephMendiola
21:24 Anonymoose