life imitating art? (or is it the other way around)
Who needs a nuclear holocaust when we have the cancer of liberalism to destroy our cities.
Posted on 04/21/2009 2:45:16 PM PDT by jimbo123
As expected, the New York Times's business operations began burning cash this quarter (until now, they had remained cash-flow positive). The company has recently made several wise moves that have postponed the date at which it will run out of cash. But the situation is still critical.
At the current rate of cash consumption, assuming no one-time expenses (highly unlikely), we estimate that the company will max out its current borrowing capacity in 4 quarters.
(Excerpt) Read more at businessinsider.com ...
Don’t tease us!
They will want their bail out so they can keep putting out trash.
Out of cash in one year as a result of being bankrupt of credibility.
Ironically, history will show that they succeeded.
Where’s that old “internet burn rate” board?
They are out of credibility, can cash be far behind?
I bet you just can’t wait til your tax dollars start going to support this pile of crap “newspaper”.
What a gift Punch could give to the world: he could stop polluting minds with his worthless newscopy AND he could give new life to millions of trees!!
Do it on Earth Day, Sulzburger!!
life imitating art? (or is it the other way around)
Who needs a nuclear holocaust when we have the cancer of liberalism to destroy our cities.
Yeah, let me see. I wouldn’t take that newspaper if they sent it to me free to make kitty litter, but I AM GOING TO HAVE TO PAY FOR IT.... AARRGGHH
we estimate that the company will max out its current borrowing capacity in 4 quarters.
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I respectfully disagree ,, announcing that you expect to borrow $$$$ for the next several quarters with no plan to become profitable just reduced the possibility of borrowing during that timeframe to nil.
I live for the day that the NYT calls it quits and actually goes out of business and dies. The NYT has ceased printing factual, truth and real news for decades now. It finally caught up with them and now they are paying the heavy price for all such behavior as well they should. The NYT no longer deserves the once great reputation they once had. They have nobody to blame but themselves. To the HYT: die all you !@#$%^&*!
“Oh Fraptious Day,
Calloo, Callay.....”
There’s delight in watching bad guys get what they deserve. :0)
Die, die, die!!!
The sooner the better!
AND
this quarterly burn will rise
AND
At the current rate of burn
All I can say is burn baby burn!!!
NY Times.com now raising donations through PayPal.../sarc
who wants to lend them money besides a Mexican billionaire? (14% interest) maybe he will give them another loan for 19% interest... haha
So, how soon should we start laying in the champagne?
The good news is that 2nd quarter ad revenue will be down 25% versus prior year and Pinch’s gay parade will be cash flow negative again. Things will only get worse in 3rd Quarter and beyond.
Expect wholesale layoffs of newsroom personnel in August and December.
And expect the Mexican Loan Shark to boot Pinch the homo by next March.
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