The TIMES They Are A'Changin'
Huh. This article says the NY Times may be ailing, financially and circulationally:
The New York Times Company, the parent of The New York Times, posted a $335,000 loss in the first quarter — one of the worst periods the company and the newspaper industry have seen — falling far short of both analysts’ expectations and its $23.9 million profit in the quarter a year earlier.
The company did break even on a per-share basis, compared with the average analyst forecast of earnings of 14 cents, down from 17 cents in the first quarter of 2007.
The company’s main source of revenue, newspaper advertising in print and online, fell 10.6 percent, the sharpest drop in memory, as the industry suffers the twin blows of an economic downturn and the continuing long-term shift of readers and advertisers to the Internet.
The group’s revenue dropped 5.7 percent, driven by the 10.6 percent
decline in advertising revenue. But it also recorded a 1.9 percent
increase in circulation revenue, after the company raised the prices of
newspapers like The Times and The Globe.
It would be poignant, I suppose, were the NYT a "Grand Old Lady" of hard-nosed objective journalism, instead of the "Dame Edna Everage"* of pointy, progressively hep editorializing. So, poignant it ain't.
Ya think anyone in the Old Guard will figure out how to make ends meet before they have to ring down the curtain, in a fog of bitter confusion?**
In other, totally unrelated news...
* Note: this is not meant to be an insult to Dame Edna, whom I find vastly funnier (and more absorbing) than your average NYT edition.
** sadly, their bitter confusion would probably not be helped by clinging to guns, religion, or even the more generally distributed hatred of others not like themselves.
Posted by WryMouth at 17 Apr 2008, 7:28 PM 
Categories: The Left, Environment, Global Warming, Journalism, Re-edjication, Start Spreadin Manure
Categories: The Left, Environment, Global Warming, Journalism, Re-edjication, Start Spreadin Manure
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