Posted on 12/10/2008 11:23:14 AM PST by AIM Freeper
The New York Times’ financial woes continue to mount, and that’s good news for America. To offset shrinking revenues, the paper plans to borrow $225 million by mortgaging its 52-story Manhattan headquarters. This should be a cause for celebration for patriots everywhere.
The company’s stock lost half its value this year. According to the December 9 Financial Times, “advertising revenue at the paper fell sharply in November.”
The Times owes $400 million on two revolving lines of credit. Analysts believe mortgaging its building is the only way to secure the capital it needs for 2009, which is expected to be another bad year for the paper that makes all the news fit.
Financial Times says The Times is also considering the sale of certain assets to raise operating capital. The New York Times Company owns The Boston Globe and an interest in the Boston Red Sox.
The Times’ troubles stem in part from a bad economy and the fact that many young people don’t want to read newspapers, due to public education (of which The Times is an enthusiastic booster) producing several generations of functional illiterates.
Yet another factor is growing disgust with the way The New York Times manages, manipulates and mangles the news to advance its political agenda.
This was particularly blatant in the past election, when the paper became an unofficial adjunct of the Obama campaign. The McCain camp complained that The Times was “150 %” behind Barack Obama.
The Times is notorious for its attacks on patriotism, the market economy, religion, traditional morality and national security. Thus, whatever weakens The New York Times strengthens America.
For the Gray Lady, let the bad times roll.
Or go on the NY Times own blogs and gloat...
The New York Times is a notorious propaganda organ for the globalist New World Order.
In that capacity, it is a blatant anti-Orthodox Christian scandal sheet, printing lie after lie against Serbs and Russians and in support of its darling “Kosovar”, “Bosniak”, and Chechen muslim pets. How many deaths, and how much utter oppression, is it responsible for?
The NYT also attacks Christianity itself, as well as American national sovereignty.
It should at the very least let the other newspapers it owns go independent, and allow them to seek new editorial policies. And, of course, it should sell its stake in my beloved Boston Red Sox!!!!
My generation used to call that being hoisted on its own petard.
Another NWO organ is The Economist.
I consider it even more demonic than the Slimes...
Signing the petition is fine, but how can we throw gasoline on the fire?
If the Slimes folds, who will the terrorists go to for their source of national secrets?
The Times could easily to turn its business
around if it just went full force at bringing
down the 0bama administration……but they
are not smart enough to think of that.
To be honest, the financial difficulties have little to do with their bias, and much to do with the end of the era of classified advertising. The business model is broken.
It is related in that the ‘news’ they sell is worthless garbage and thus cannot support a subscriber business model apart from them selling dept store and classified ads.
“If the Slimes folds, who will the terrorists go to for their source of national secrets?”
Ah... the $100 million in Huffington Post is all coming together now.
Links please.
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