[Milhous]

The New York Times Company's Board of Directors today declared a 6.1 percent increase in the regular quarterly dividend to $.175 per share from $.165 per share on the Company's Class A and Class B common stock.

OK. I'll bite. Let's see if NYT offers anything of value.

Taking a peek at the NYT's latest 10-K we see Miscellaneous Assets WTF?!?!?!If it ain't cash, marketable securities, receivables, equipment, real estate, or prepaid expense just WTF else can it be? Nevermind.

Shareholder's equity	1 516
Intangible/Goodwill	(1 850)
Miscellaneous Assets	(317)
Net shareholder's equity	(651)
Diluted shares outstanding	146

At today's closing price of $25.34 investors can trade a one dollar bill for about 18 pennies of NYT debt.

[Milhous]

Miscellaneous Assets ain't cash equivalents, Inventories, Deferred income taxes, Other current assets, Land, building equipment and improvements, Construction and equipment installations in progress either.