SULZBERGER SLAMMED AS PROFITS DROP 39% (Teddy launches surprise attack on Pinch)

NY POST ^ | October 20, 2006 | PAUL THARP

[Liz]

The New York Times Co. reeled yesterday from a 39 percent drop in profits as it came under a surprise attack from liberal politicians for gutting and damaging its sister Boston Globe...... pressure mounted on chief Arthur "Pinch" Sulzberger to plug a drain of newspaper ad dollars being steadily siphoned away by the Internet. The profits bomb came as Sulzberger got scolded yesterday by a group of prominent politicians and business leaders in Boston, led by Sen. Edward Kennedy (D-Mass.), claiming Sulzberger and his team have committed a "terrible shame" by gutting the paper since acquiring it in 1993.

In a letter to Sulzberger, Kennedy and others said "a troubling pattern of disinvestment, downsizing, outsourcing and cost cutting has emerged" to damage the fabled paper. "A shrinking news hole and the elimination of bureaus have stung the morale of employees facing in creased health care costs and wage freezes." The group said "Boston Globe journalists have risked their lives and, in some cases, given their lives" to uphold "a long and storied tradition of excellence." "What a terrible shame it would be if the premier brand in journalism - The New York Times Co. - was responsible for doing genuine harm to that tradition." The Times has eliminated nearly 400 jobs at the Globe and closed several bureaus to save money.

[MinuteGal]

"Boston Globe journalists have risked their lives and, in some cases, given their lives.........."

"Risked and given" in the pursuit of stories and photos to break the moral of the true heroes in the WOT, to be sure.

The Globe and Times should give their courageous "foreign correspondents" the John Kerry Award for Bravery. If they're Marines, give them the John Murtha Award for Truth.

Leni

[Calvin Locke]

Here's a longer (and older) read on the Globe: http://www.freerepublic.com/forum/a3a82e1bc1c62.htm

[Milhous]

Interesting. Thanks for sharing.