Posted on 10/02/2007 10:47:39 AM PDT by DogByte6RER
Will Pinch Sulzberger Lose The New York Times? Monday , October 01, 2007
By Thomas Lifson
Arthur Ochs Sulzberger Jr., known all but universally as "Pinch", may well be the last member of the Sulzberger/Ochs family to run the world-famous newspaper company.
He is trapped in a financial and competitive trap of his own making, and may have to rely on new money coming into the company at the price of relinquishing his managerial power.
Christopher Alleva already explained last week that the incredible shrinking equity resulting from the combination of high dividends and low profits is already raising questions about bondholder covenants requiring the company to maintain minimum balances in its equity account. And now, as he explained, the looming threat of new competition for its advertisers and readers is likely to intensify the financial pinch.
News Corporation, with 24 times the market capitalization of The New York Times, will soon be moving in on his advertisers and readers, and prices cuts for both groups would build market share for the rising News Corp properties and cut revenues for Sulzberger's outfit.
Pinch Sulzberger squandered over $800 million, now written off and deducted from the shareholders' equity account, on a disastrous acquisition of New England newspaper properties just before the bottom fell out of the newspaper market.
The company's published strategy writes grandly of "innovative products and services across media platforms." But words and deeds are not the same thing. The company's recent attempt to achieve synergy between its news content and the opportunities of cable television, The Discovery-Times Channel, has been a flop. The company liquidated its half interest in the venture at a loss, according to footnote 3 to its Consolidated Financial Statements for 2006.
(Excerpt) Read more at foxnews.com ...
Communists make bad capitalists.
This dolt is proof of that.
That’s also a comparative analysis of the credibility of the NYT versus FOX.
May the NY Times die.
Ping
NY, your Times is UP!...................
Hopefully Murdoch will BUY the NYT...
Imagine the high pitched keening from the Moonbats (MOveONBAT.org).
Sulzburger and the NYTs rats turned on the USofA, and now the USofA is turning on them.
Bingo!
I do think, however, that it might be useful to keep Pinch on at the NYT. Why? I don’t ever want them to come back. I want them weak, powerless and an intellectual punching bag. I want to beat them like a rented mule, like a drum. Loud, hard and regularly. The need to continue to be the arrogant assholes they are and piss off everyone else who has a lick of sense. I want them to be a byword, a joke, a pathetic demonstration case for what happens when you abandon truth in search of power.
I guess you can tell I don’t much care for the NYT, eh?
Thank you. Those clips are priceless.
I just e-mailed them to my friends...
awww
Carolyn
“So who gets to put the stuffed head of Pinch over their mantle? Roger Ailes or Rupert Murdock?”
Actually, it would look good over GW’s mantle in his ranch home in Texas with its glazed over eyes and gay stare.
Just more proof that the fascist controllers of the MSM are unable to compete an a free market with real competition.
Viva Capitalism as it wipes out socialists and fascists.
“And now, as he explained, the looming threat of new competition for its advertisers and readers is likely to intensify the financial pinch.
News Corporation, with 24 times the market capitalization of The New York Times, will soon be moving in on his advertisers and readers, and prices cuts for both groups would build market share for the rising News Corp properties and cut revenues for Sulzberger’s outfit.”
I doubt it.
I found the image on The People’s Cube, a faux Marxist website that pokes fun at leftists, liberals and Dems by using satire.
You can check out the website at:
http://www.thepeoplescube.com/
Did Pinch try to get Warren Buffet to give up some money for some equity in the rag recently ?
I have not heard anything lately.
Warren ain’t no dummy when it comes to deals like that. He may be liberal, but he won’t fund them.
For the time being, the best thing that can happen is for the NYT to continue to lose revenue (sales and advertising) and take on debt. Eventually, the creditors will force it into Chapter 11.
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