New York Times chops 250 jobs (Stock at 7yr low)

The Gazette (Canada.com) ^ | 07/19/2006 | Staff Report

[Santa Fe_Conservative]

1. Why would anyone spend $5 on their Sunday people?
2. Why would anyone actually want to read tabloid trash every day for several years? I'm hoping people use the Times for their kitty litter like I do for my local leftist newspaper.

Going in the opposite direction would be the only way to save it...:)

[demkicker]

The reduction in the size of its pages would mean a loss of 11 per cent of the space devoted to news propaganda, but the newspaper plans to add pages to make up for about half of that loss [by hitting up socialists & communists to do more false advertising].

[D-Chivas]

Is there not ONE Conservative with enough dough to form a hostile takeover of this Red Rag?

You'd have to fire everybody in the news room and deal with the unions who produce the paper. No way. Might as well build something from the ground up.

[xkaydet65]

Is there not ONE Conservative with enough dough to form a hostile takeover of this Red Rag?...

Don't know the answer to your question, but in NYC there is an excellent full size newspaper that is far more even handed and much better written than the Times. Freepers who can should sign up for the New York Sun. I drive two miles from my Long Island home to go to the only convenience store that sells it. Maybe if L.I, Westchester, and NJ Freepers went to their local convenience stores and asked for the Sun we could increase the circulation and create a successful and "literate" challenge to the Times.

[Grampa Dave]

Below is the 2 year chart comparing NYT/Ny slimes with MDY, Mid Cap ETF Index fund, and the evil Haliburton. Any fund manager who has been buying NYT the past two years should be turned into the SEC for mal practice.

[xpertskir]

They don't have a high enough debt/equity ratio. I bet it they let it get up to "2" then someone with some balls and some loot could go out of their way to do it. But its only at .92 so it would not be profitable and probably not possible.

[McCloud-Strife]

Can't imagine why the New York times would have to lay anyone off /sarc

[rudy45]

Is the printing plant in question (Edison NJ) visible from the NJ Turnpike? I always see a blue building, on the east side of the turnpike (that is, the right side if one is going north). It's near the New Brunswick exit IIRC.

[stephenjohnbanker]

"I would buy stock in it!!!"

Millions of us would.

[stephenjohnbanker]

Correcto!

[RayChuang88]

This is what you get when the New York Times never learned from the fiasco of the Jayson Blair scandal.

[GSlob]

Not yet. Their last quarter was essentially flat, or marginally higher on the prior year, and so was their ad revenue.

[Lancey Howard]

[stephenjohnbanker]

"You'd have to fire everybody in the news room and deal with the unions who produce the paper."

Most liberals are cowards, and the unions are getting weaker by the minute.

[Moose Dung]

In other coverage, here's what the Times management is saying about their change in the size of the printed edition:

"The company plans to finish the changes by the second quarter of 2008, and sees annual savings of about $42 million. Capital spending on the changes will be about $150 million."

So their gonna spend $150MM to save $42MM????

Bwahahaha!!

dung.

[george76]

Thanks for the ping.

[stephenjohnbanker]

You are probably right on all counts.

[Socratic]

So their gonna spend $150MM to save $42MM????

They're just investing in the future! (sarc.)

[Thombo2]

More good news.Pinch is running the NYTimes into the ground.Just not fast enough(IMO).

[Alberta's Child]

The NY Post and NY Times are aimed at very different markets. The Post may be "more balanced," but it is basically a trashy tabloid. Its main competitors are the New York Daily News and New York/Long Island Newsday.