Posted on 02/07/2007 3:23:14 PM PST by jmaroneps37
Despite his personal fortune and impressive lineage, Arthur Sulzberger, owner, chairman and publisher of the most respected newspaper in the world, is a stressed man.
Why would the man behind the New York Times be stressed? Well, profits from the paper have been declining for four years, and the Times company's market cap has been shrinking, too. Its share lags far behind the benchmark, and just last week, the group Sulzberger leads admitted suffering a $570 million loss because of write offs and losses at the Boston Globe.
As if that weren't enough, his personal bank, Morgan Stanley, recently set out on a campaign that could cost the man control over the paper.
All this may explain why Sulzberger does not talk with the press.
But perhaps the rarified alpine air at the World Economic Forum at Davos, Switzerland, which ended last week, relaxes the CEOs of the world's leading companies. And what began as a casual chat ended in a fascinating glimpse into Sulzberger's world, and how he sees the future of the news business.
Given the constant erosion of the printed press, do you see the New York Times still being printed in five years?
"I really don't know whether we'll be printing the Times in five years, and you know what? I don't care either," he says.
(Excerpt) Read more at haaretz.com ...
Please "manage" yourself right out of existence.
I look forward to "putz" sulberger's contributions to FR.
The "Old Grey Hag" is bleeding.
And I really don't care if you continue to publish today, tomorrow or ever.
On January 29, 2007, the Audit Committee and management of the Company [THE new york times] concluded that the Company's previously issued financial statements reflected certain reporting errors ...
The Audit Committee and Company management have concluded that...previously issued annual financial statements ... should not be relied upon.
NYT can regain respect on the internet if they can distinguish between op-ed and news.
good - they can be irrelevant in two mediums.
Boy talk about an incentive to buy stock in this twits company!
Can it be said that the stern of said "newspaper of record" is down in the water, the poop deck is awash and the vermin are scrambling forward? My advice? Find yourself a day job. Many of the McDonalds and Burger Kings are offering a sign-on bonus. Just too damned bad that all of you chose such a dubious profession.
I'm crying tears of laughter for them
Let us rejoyce in the pain of an enemy of America.
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Yeah, let's keep them managing a transition from Constitutional America to a socialist Euro-style dung-heap.
FYI
"And what began as a casual chat ended in a fascinating glimpse into Sulzberger's world, and how he sees the future of the news business."
not unlike
"And what began as a casual chat between Novak and Armitage..."
Consequences, consequences.
Amazing statement from a CEO. You cant learn expertise like that in MBA school...Telling your shareholders and employees their value to civilization will approach zero. Rather that determining it in advance and maximizing the value of the franchise. They say the third generation loses it all, this appears to be the case, wind aided to the back by producing an antiamerican traitorous rag that insults and lies to its customer base daily. Simply amazing.
I'm looking forward to the Times being given away at the bus stop for free.
You know, one question that hasn't been asked..if the value of the Boston Globe has been written down by 50% or so, what does that say about the value of the flagship NY Times?..and the stock price?
Why not try managing the transition from bias to truth?
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