Posted on 03/12/2009 8:13:16 AM PDT by TigerLikesRooster
TIMES' FLYING APART
PUBLISHER TO SELL JET
By HOLLY M. SANDERS
Last updated: 3:43 am March 12, 2009 Posted: 3:05 am March 12, 2009
The New York Times' high-flying days are over.
Yesterday, the struggling publisher disclosed that it had put its 12-year-old corporate jet on the market.
With newspaper ad revenue in a nosedive, the company is being forced to sell its private plane and other assets to raise cash.
(Excerpt) Read more at nypost.com ...
Not a good time for selling luxury jets. I’m heartbroken.
Why did the NYT need a corporate jet?
Seriously. One can at least partially rationalize a large auto manufacturer, with plants all over the world, needing a corporate jet.
Or a major bank, with facilities and branches dispersed widely.
But a newspaper?
I can’t figure out why these people don’t see the error of their ways and start doing some real reporting against instead of being nothing but conduits for ultra liberals. You’d think the desire to stay in business and make a profit would be enough incentive for them to do a better job.
Start covering stories from a centrist or right point of view and readership would increase. but the NYT would rather commit suicide.
As much as I hate the NYT, this isn’t true. Many centrist papers have seen readership decline, including the libertarian one I write for...a few conservative ones have increased IIRC, but most haven’t.
Readership is taking a hit everywhere due to the internet.
The jet is 12 years old. That means they bought it in 1997, more or less, during the regime of the clintonoids. NYT was feeling its oats back then, having the Newty republicans out on an impeachment limb and on the run and all.
Alas! How the mighty have fallen, eh Pinch?
The NYTitanic has hit an iceberg.
Pray for America and Our Troops
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