Wednesday, July 23, 2008

The New York Times' Rapid Descent

Maybe if they TOLD the TRUTH I'd still be purchasing and reading them.

NEVER AGAIN (even though I shell out three bits for their daughter, the Boston Globe; not much difference from what I can tell)!!!

"NY Times misses Wall Street revenue forecast" by Jeremy Herron, AP Business Writer | July 23, 2008

NEW YORK -- New York Times Co.'s second-quarter earnings fell 82 percent from a year ago, when it saw a one-time gain from the sale of a unit, but print advertising continued to shrink and pulled down operating income, the publisher said Wednesday.

Net income dropped to $21.1 million, or 15 cents per share, from $118.4 million, or 82 cents per share, a year ago.

Wow!!! They still made money, but they really made a LOT LESS!!!!!

:-)

Times Co., like many publishers looking to curb spending as ad revenues continue plummeting, is reducing its staff.

Higher newsstand and subscription prices for the Times boosted circulation revenue 2.5 percent. The flagship New York Times paper brought in 10 percent lower advertising revenue, even as industry watchers say the Times is better positioned than most newspapers to weather the migration of ad spending to the Internet because of its broad national appeal.

So if the Times is such shit, other papers will be dissolving completely, won't they?

The ad decline at the Times accelerated to 18 percent in June, and Robinson said July has not been any better. Besides the Times and The Boston Globe, Times Co. owns the International Herald Tribune [and] regional newspapers.

--MORE--"

Well, maybe if the New York Times wasn't such a ZIONIST SHIT-SPEWER and PROPAGANDIZING LIAR, they wouldn't be doing so badly.

Of course, THEY are why YOU and I are HERE!!!!

Also see:

Bloggers 1; New York Times 0

Bloggers 476; MainStream Media 0 (F)

The Sucking Sound at the Washington Post

The Boston Globe Joins the New York Times and Washington Post in the Crapper

The Sinking New York Times Cuts the Boston Globe Loose

It's Official: Boston Globe Now Tabloid Trash

AmeriKa's Media and Internet Truth-Tellers

AmeriKan MSM Can't Compete With Blogs

Media Cause and Effect

"The media which has printed these lies and presented the horrors of the day according to the angle desired by those who operate it have become their own worst enemy. They are daily providing the evidence that they lie. Truth tellers on the internet are turning over every rock they tried to bury the truth beneath."

That's why the New York Times and its children (IHT, Boston Globe) are FAILING!!!!!

:-)