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To: moneyrunner
Newspapers are losing readers, some have gone out of business, the NY Times is essentially bankrupt...

Is this old news about the NYT's spiritual and moral bankruptcy, or something new and they are fiscally bankrupt as they so richly deserve? Could it be that, to paraphrase Obama's spiritual guide, the media's chickens have come home to roost? I'm going to enjoy this!

In the event that The One falls short of expectations, as is almost guaranteed, the distrust of biased reporting is likely to spread from the conservatives to moderates. Throw in the fact that liberals are moving away from such plebeian and environmentally incorrect options are hard copy newspapers, and the New York Times is in for the economic CHANGE that honest readers everywhere have come to HOPE for.

9 posted on 11/16/2008 7:49:29 AM PST by MathDoc (26 December 1860; 7 December 1941; 11 September 2001; 8 November 2008)
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To: MathDoc
Is the NY Times Bankrupt?

Click on the link for the full discusiion, but ... "The Silicon Alley Insider has been digging through the company’s latest SEC filings to find that the Times owes its creditors a huge $400 million payment next May, but it only has $46 million in cash on hand with six bleak months to go."

We report, you decide.

14 posted on 11/16/2008 8:27:24 AM PST by moneyrunner (I have not flattered its rank breath, nor bowed to its idolatries a patient knee.)
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