Article

2020-05-11 Economy

NYT Sitting On $686 Million It Could Give the Homeless

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Posted by Matt 2020-05-11 00:00|| || Front Page|| [4 views ] Top

#1 our strong balance sheet has enabled us to continue to operate without the liquidity issues being experienced by many other companies. As of March 29, 2020, we had cash, cash equivalents and short- and long-term marketable securities of $686.9 million, and we were debt-free.

Anybody who can read a fuckin' balance sheet can see this is bullshit - $100 million in accounts payable? A $300 million pension obligation? A total of $200 million in short and long-term 'other' liabilities? Trying to blow smoke up our asses again?

More Fake News, that one.

Posted by Raj 2020-05-11 06:35|| 2020-05-11 06:35|| Front Page Top

#2 Actually they grew subscription revenues y-o-y by nearly 20%. Ad revenue declines were almost entirely offset by screaming fur theyr subscription-paying left-lib base. Plus their office rental increased by $8m, enabling total revenues to increase slightly.

Essentially this business operation resembles a Church that caters to the Faithful: revenues consist of 1) tithes and 2) rental income on the Church's valuable real estate holdings.

Posted by Lex 2020-05-11 06:59|| 2020-05-11 06:59|| Front Page Top

#3 Lying is their business and business is good...

Posted by M. Murcek 2020-05-11 07:53|| 2020-05-11 07:53|| Front Page Top

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