Posted on 12/15/2011 11:48:27 PM PST by Enchante
...The Times Co gave no explanation for Robinson's sudden departure, which caught analysts as well as company insiders by surprise. Speculation among industry observers and the analyst community centered on the company's faltering stock price, which has declined more than 80 percent since Robinson was appointed CEO in December 2004....
(Excerpt) Read more at news.yahoo.com ...
always nice to see troubles at the NY Times..... lol
I want everybody who works in the Democrat newsrooms to lose their jobs, their homes, and their families. For the damage they have done to America they deserve nothing less. Hurry up and die, New York Times. Just die.
A falling out amongst the queer mafia?
Pinch not getting enough clubbing time? Had to mortgage the yacht? His Boy-toys?
They'll just hit up The Obammunist's biggest foreigh contributor, Carlos Slim Helú, to buy another 6.4%.
yitbos
NYT is a Communist kamikaze.
Without Slim Carlos they would be in Bankruptcy Court.
________________________________
Four years ago....
Oct. 17 2007(Bloomberg) — Morgan Stanley, the second-biggest shareholder in New York Times Co., sold its entire 7.3 percent stake today, according to a person briefed on the transaction, sending the stock to its lowest in more than 10 years.
The person declined to be identified because Morgan Stanley hasn't made the sale public yet. Traders with knowledge of the transaction said Merrill Lynch & Co. brokered a $183 million block trade of 10 million New York Times shares this morning.
Hassan Elmasry, managing director of Morgan Stanley Investment Management, unsuccessfully challenged the Sulzberger family's control of New York Times Co. through super-voting stock that gives them a board majority. Shareholders owning 42 percent of the company, parent of the namesake newspaper and Boston Globe, withheld support for directors at the publisher's April annual meeting.
``This guy has been speaking for a lot of people who are too discreet to speak up and challenge management,’’ said Porter Bibb, a managing partner at Mediatech Capital Partners LLC in New York and a former New York Times Co. executive.
New York Times shares slid 43 cents, or 2.3 percent, to $18.48 at 4:04 p.m. in New York Stock Exchange composite trading, the lowest since January 1997. The stock has declined 24 percent this year”
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And don't forget the big buyback and sales of assets.
No, I say, “Punch” must stay to finish the job of burying the New York Times for once and all. Who else could get the job done?
New York Times CEO Janet Robinson to step down
Gee, wonder what the OWS crowd will think of that....
I think he just got “the Call” from the One’s campaign. I imagine Rahm was even on the call. Their plans (OWS, Acorn, etc.) are not working and their paper is not doing enough. Watch for an utter DNC implant or maybe union thug.
Love that picture. Got clubbed like a baby seal
Boo Hoo!
Robinson’s replacement will be some clown who didn’t make the cut as a *czar* in the Hussein regime.
can't even get a quarter for a trick anymore.
Rats .... sinking ... ship
Maybe Soros will have to bail them out now..... but even ol’ Soros doesn’t seem whacko enough to waste his money on the NY Times crowd.... he gets more bang for his “progressive” bucks in other places.
Schadenfreude!
“The Red Gray Lady just got grayer”
With a few more torpedoes we can put the Gray Lady down.
As many times that the NY Slimes has, in my opinion, committed treason against America, they should be imprisoned, not just fired.
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