Posted on 08/05/2013 8:47:44 PM PDT by NoCmpromiz
The New York Times Company [$NYT] reported second quarter 2013 earnings 48% below last year's quarter due to severance and other "special" items but digital paid subscriptions rose 40%.
Despite rising numbers of readers and paid subscriptions, the company continues to struggle as advertising revenues continued to fall again— 6% in this quarter. This is the eighth sequential quarter of declining print and digital advertising revenues.
"Print and digital advertising revenues decreased…
(Excerpt) Read more at zdnet.com ...
BS.
Another consequence of the “Dumbing Down Of America”. The only people who can still read these days are “old school”, American conservatives and we don’t read garbage like the NYT.
The NYT sold the Globe for a song but they also kept the pension liabilities of more than they got for the paper. They lost all of what they paid for the Globe and then some.
Lemmie guess.
Next week Larry Elison (Oracle ~ 25 billion) will snap up the Times so that his new America’s Cup yacht format is ensured praise.
These would be the same people who say Great Leader has great ideas regarding the economy?
The only way the NYT could pull out of the hole they have dug themselves into, is to sell themselves to Fox News.
Or Rush Limbaugh.
Or one of a handful on the right, who could completely turn the newspaper on its head. And restore it to immediate success.
Otherwise is will continue to spin out until it vanishes.
Just my view from the sidelines.
I also think that 'rising numbers of readers' is at best wishful thinking...
The article did say digital paid subscriptions are up... but then farther along in the article it says "Digital subscriptions still represent a smallish part of the company’s overall revenue picture — just 15% of circulation revenue and 7.8% of total revenues, which fell 1% in the quarter, to $485 million."
Only technology challenged morons still get their news from a wad of dirty paper thrown on their driveways.
Look at your neighbors driveways to find the mentally challenged. Most are old leftist who haven’t the slightest clue.
Don’t think the Graham family bailing hasn’t instilled fear in the Sulzbergers.
Sure would like to see almost anyone less liberal buy it, just to see if the rudder can finally be made to turn the scow..
Or maybe Jeff Bezos will buy it... After all, he just picked up the WaPo, another lib rag should be a piece of cake..;-)
But I have doubts that Bezos is all that conservative, thus don't expect much to change from his entering into the world of 'journalism'...
That’s what people had speculated their toughened firewall would do: bring in a few more digital subscriptions, but by letting fewer people read it online lead to a drop in advertising revenue.
For a few months after they tightened their firewall I had to search an external link to access a NYTimes story without paying after my 10 free articles a month. But a few weeks ago they loosened the firewall such that I can read all I want by occasionally closing my browser or otherwise deleting my cookies. They must have realized their tougher policy had backfired.
If the Times was really interested in profits, they’d print a magazine insert explaining in-depth everything about Obama, including all the strange discrepancies about the man that birthers keep raising.
They could probably double the price of the Times for that one issue and practically everybody worldwide would by an issue. I think they would make so much money that it would easily make up for the losses of the last ten years.
I just think it’s interesting that they won’t do this.
Rising number of readers and subscribers? First of all, I don’t believe there has been an increase in subscribers. But how in the heck do they know how many are reading it?
Most papers put out bogus numbers to begin with. I know of a paper in a town of about 100,000 that used to count papers put in dispensers as papers sold. Even though most of them were thrown away.
Why would New York Times decline revenues? I never declined revenues and don't know anyone who'd do that!
He’ll, all they’d need to do would be one really good article on how Moochelle lost her law license after only four years of practice.
Will the death of the old media happen fast enough to save the Republic?
Like everything else they print.
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