New York Times' earnings and stock value down

Stop the New York Times ^ | September 22, 2006 | editors

[Sergeant Tim]

NEW YORK (Reuters) - The New York Times Co...on Thursday forecast sharply lower third-quarter earnings because of a "challenging" print advertising market, sending shares down nearly 5 percent in after-hours trading... The publisher of The New York Times newspaper and the Boston Globe forecast earnings of 8 cents to 10 cents per share, compared with 16 cents in the same quarter last year... The print advertising market has been very challenging during July and August and remains so in September," Chief Executive Janet Robinson said in a statement.

Challenging? Sounds to us like she meant to say depressing. Take a look at this chart:

Yet we are happy to see that it is working. Please keep passing the word TO HELP DRIVE IT DOWN!

[Sergeant Tim]

ping!

[Zeppelin]

it seems there's an inverse-proportionality of the NYT stock vs. the stock market as a whole.

either way, good work FReepers!

[gridlock]

I've been getting the New York Times Sunday Edition dropped off on my driveway every weekend since July, even though I'm not paying for it. I'm too busy on a Sunday morning to wade through that twenty pounds of dead tree. I suspect I am being counted in their Sunday circulation figures, so they can charge more for advertising.

[xtinct]

Universal appeal and bias don't go hand-in-hand. To succeed in a commercial venture, you must appeal to the vast majority -> conservatives, liberals, and independents.

The New York Times and movie stars still don't get this message.

[Brilliant]

"The New York Times and movie stars still don't get this message."



I think they do, actually. But they really don't care. They will be glad to kill the NYT, if that is what it takes to get their message out. And they certainly don't want to leave anything for the conservatives but a carcass to bury, after they are done using it for their purpose.

[Joe Boucher]

Maybe they can sell their rag behind the iron curton where their views are more in tune with those masses.

Oh yeah, there is no more iron curton. Oh well then shut this rag down.

[libertylover]

I don't imagine they really care. Rich leftists will make sure they print their hate even if there is no advertising.

[sono]

To put things in perspective, this two yr price chart compares the performanc of NY Slimes vs News Corp, parent company of Fox and NY Post.


Can you hear me now?

[Jhensy]

Yep, free NY Times appeared in all our driveways Wednesday morning.

The ironies abound.

They've been reduced to physically forcing their unwanted product onto people's properties, so they can unethically claim phony circulation numbers.

Propaganda printed on the product of the destruction of vast numbers of trees, wrapped in a landfill-choking white plastic bag, wastefully delivered via a fossil-fuel-guzzling SUV.

And the driver undoubtedly paid minimum wage.

[gridlock]

Just out of curiosity, are you in a "desirable" demographic? I would not be surprised if the New York Times is trying to boost numbers of certain types of subscriber that advertisers crave.

[Frwy]

Now there's a piece of good news about the NYT.

[rbg81]

I used to toy with the idea of ordering a NYT subscripton and have it sent to a ficticious address. That way, they will expend resources and never get paid for it. Unfortunately, I think that the wrong people would get hurt (like the hard-working newspaper delivery carrier). In addition, even a bogus subscription would allow them to inflate their numbers--and might even help them with ad revenue. There's also the moral issue, but given the NYT has no problem commiting treason, I can overlook that.

[gridlock]

And the driver undoubtedly paid minimum wage.

If the driver makes minimum wage, I would be surprised. They are probably paid by the piece. If you add it all up and subtract out the cost of using their private vehicles, I would be really surprised if they are making minimum wage.

But that new building on the West Side isn't going to be built for free, you know. If the (almost 100% Hispanic) delivery drivers have to be screwed in order to build Pinch's Pleasure Dome, so be it!

[samtheman]

Last night, on the "Newshour with Jim Lehrer", I watched a discussion about the problems at the LA Times, and one of the "experts" said that journalistic standards were more important than profits.

Of course, nobody had the cojones to point out that the LA Times has no journalistic standards, and that as it exists now it only has one goal: promote the agenda of the Left in America.

The same thing applies to the NYT, and it's why they're both in such deep financial doodoo.

[G-Man 1]

I don't buy news papers or go to the movies. They all the support radical left. What would happen if most people did the same? I get my news from F/R , Drudge, Rush , Bill Bennett and Fox news. If I can't get it from them I pray.

[sgtbono2002]

A friend gave me a subscription to Readers Digest. IMO it should be free, It has more pages of ads and crap than actual reading. First thing I do is shake it and watch the fliers fall out and toss them. Some of them they glue in. One day just for fun I tore out every page of advertising and when I got done I didnt have over ten pages left.I thank the person who gave me this subscription, but I dont see why anyone would pay for it , Like I said it should be free.

[RedRover]

Patriots read the Post.

[JCEccles]

Is that the old gray lady's death rattle I hear?

Sweet, sweet music to my ears.

[Petronski]