And here is something for the Times to consider.
I was a DECADES-LONG PURCHASER and READER until the first of this year. Since then I have not bought a New York Times, I will not buy a New York Times, and it is sick-making just seeing them on the rack.
God forbid I ever TOUCH ONE again!
Also see: The New York Times' Rapid Descent
Think my conduct has something to do with the situation?
:-)
"Times Co. profit declines by 5.5%
The New York Times Co., the third-largest US newspaper publisher, said second-quarter profit declined 5.5 percent as job cuts and price increases failed to make up for plunging print advertising sales.
Chief executive Janet Robinson said the company is accelerating cost-cutting efforts in the face of a slumping US economy and will exceed a target for $230 million in annual savings by the end of 2009. Robinson also said The New York Times newspaper will raise its weekday newsstand price by 25 cents to $1.50 starting Aug. 18.
I wouldn't pay a soft-serve, swirley pffffft for the New York Times!!
And now, even less so!
June ad sales tumbled 16 percent, the most in at least two years, mirroring the slide reported last week by Gannet Co., the largest US newspaper company. The publishers were hit by a steeper drop in national ads, coupled with a continued decline in classifieds as marketers moved to the Internet.
Maybe if you guys weren't LYING with your BLATANT AGENDA-PUSHING GARBAGE, this wouldn't be happening!!!!
Income from continuing operations fell to $20.9 million, or 15 cents a share, Times Co. said. Excluding costs to cut jobs, profit of 26 cents beat the 22-cent average of seven analysts' estimates compiled by Bloomberg. Sales dropped 6 percent to $741.9 million, trailing estimates.
Excluding the broadcast business, which it sold in May 2007, the company's profit was $22.1 million, or 15 cents a share, in the year-earlier quarter.
Revenue at the News Media Group, including The New York Times, The Boston Globe, and their websites, fell 6.7 percent to $713.3 million in the second quarter, dragged down by a 12 percent drop in ad sales. Price increases at the flagship newspaper boosted the division's circulation revenue (Bloomberg)."
Any way you slice it, this story makes me happy.
New York Times to raise newsstand price to $1.50
"The New York Times just does not get it! Their revenues and ad rates are in decline because nobody likes a liar, and the New York Times stood up to be counted with every other media outlet which helped the US Government lie this nation into a war of conquest.
Raising their rates will just accelerate the flight of readers away from the wood-pulp prevaricators and to the blogs.
See I AM BLOGGER, HEAR ME ROAR! -- Mike Rivero of What Really Happened
