Fun at the New York Times

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What was once our Nation's Newspaper of Record is a pale shadow of itself and the stock prices reflect that. From the New York Post:
NY Times Co. shares tumble 22% on dismal ad sales
It was an ugly day for the New York Times Co.

Shares of the newspaper publisher finished down $2.38, or nearly 22 percent, to $8.31 � the biggest one-day drop in nearly three decades, according to Bloomberg data.

The Times reported a worse-than-expected drop in ad sales for the third quarter, dragging down overall results.
Not only today's losses -- the NY Times has been in steady decline for at least ten years. The link shows the NY Times stock closing around $45/share in 2003 which is about $56 in today's dollarettes. The photo accompanying the article shows Publisher Arthur �Pinch� Sulzberger sporting quite the black eye. Must be brutal out there...

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This page contains a single entry by DaveH published on October 27, 2012 6:55 PM.

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