The Rapid Decline of the New York Times
Two different Wall Street funds have already openly made runs at a proxy fight among class A shareholders, and one group succeeded in forcing the company to allow its representatives two seats on an expanded board. The family still maintains control, but outsiders now have access to internal data.
Keeping the family happy
But as long as the family supports his tenure as publisher and chairman, Pinch Sulzberger’s job is secure. And it appears that he has attended to their needs zealously.
Despite collapsing advertising revenues, layoffs, and buyouts, (including a catastrophic $814.4 million writeoff of newspaper properties in New England purchased when the internet handwriting was already on the wall) and downgrades of its debt to uncomfortably close to junk status, Pinch Sulzberger increased the dividend almost a third in March last year, from 17.5 cents to 23 cents a share.
Family members hold about 10% of the overall equity through Class B shares, and hold another 19% of the equity via family holdings of Class A common shares, so almost 30% of the $33.3 million in dividends sent out in the first quarter of 2008 went to the family, while the company’s equity accounts took a hit for $28.2 million, according to the company’s most recent SEC form 10Q.
Unfortunately, keeping that enhanced dividend flowing may turn out to be a bigger challenge than Pinch and his CEO Janet Robinson believed. Lehman Brothers last week questioned whether it could be maintained, and the company’s efforts to control costs, touted as a source of cash savings, have so far not yielded the forecast economies. In 2007, CEO Janet Robinson announced a planned reduction in their annual cost base of $230 million in 2008 and 2009, excluding the effects of inflation and one-time costs. That works out to $28.8 million per quarter over the two years, yet operating costs before depreciation and amortization decreased less than half of that in the first quarter of 2008.
Downsizing expenses
Those cost savings are proving very painful and expensive. The company has tried offering inducements to longtime journalists to retire, recognized $11.2 million dollars in expenses last quarter alone. (In addition, as of 3/31/08, the company’s balance sheet also carried a further $21 million as “accrued expenses” of buyouts.)
But an internal memo from the paper’s assistant managing editor Bill Schmidt, leaked to the New York Observer, told news employees that the buyouts were not enough to lure a sufficient number of volunteers, writing that the company “approach[es] it [layoffs] with a heavy heart.”
The Murdoch threat
While funds drain away from NYTCo, Rupert Murdoch swims circles around the floundering flagship paper. He has purchased the Wall Street Journal with the aim of making it more of a general news national paper, targeting the Times‘ national edition’s readers and advertisers. His New York Post already outsells the Times in New York City itself, and News Corp. is now reported to be in talks with the New York Daily News to combine business operations. With the financial muscle to cut prices and steal advertisers away from the Times national and metropolitan editions, Murdoch can force the Times to cut its own prices for the advertisers and readers who remain with it, further pressuring circulation revenue and readership.
The future looks grim indeed for Pinch Sulzberger and the company he leads. Slowly accelerating decline is the best case scenario at the moment. For a man born to wealth unto the generations, prominence, prestige, and a legacy to uphold, it must be humbling to see the future of the family patrimony crumbling before him.
Photo credit: Ian Wilson
Can the Gray Lady be saved?
**Hopefully not.
I think a cosmetic change to the newspaper may help. For instance, rename the newspaper The Obama Times.
“…urban professional high income people of sophisticated tastes and liberal politics”
This is just another way to describe those who often obtained an inflated degree from an “elite” academic institution like Harvard University. Sometime their degrees are outright fraudulent. The New York Times is a publication only suitable for the pseudo-educated.
Surely Pinchy can simply order an editorial to be written decrying the papers decline and prognosticating it’s improved future health. That should do the trick!. After all, he ordered the Viet Nam war to be lost by just such a procedure, unfortunately for him, that’s not working as well in the Iraq war as we seem to be winning, DAMMIT. Don’t worry tho Pinch, even if you loose the paper, there are other ways to express your hatred for the country, just ask Jason Blair.
Not content to merely report the news, the NYT instead tries to make it. For this reason, I welcome its demise. I want news – not activism.
It is not hard to understand the media’s negative coverage of the U.S. economy, just look at their industry, it’s laying off, downsizing and closing everywhere. If there is good news, they don’t want to hear it, THEY are sinking and misery loves company.
the whole paper is being beaten badly by one man who sits in his underwear in front of his computer linking headlines and occasionally writing a headline himself
keithacita @Jul 17, 2008 – 11:09 am
Ouch, that really stings.
/I thought the guy was wearing pajamas?
I certainly do not think highly of the NYT as a newspaper, but based on a quick read of their financials, this company is in no near-term danger of bankruptcy or anything close to it. Yes, the market cap may continue to decline (not that low at nearly $2B), but with a 7% dividend payout, this could be an attractive stock.
The United States would be far better governed by its democratic constituents if their news intake were not overwhelmingly biased by the information filters applied by the New York Times.
Should the general population read, and view on the networks (which also follow the NYT lead), daily information which honestly reported the whole spectrum of events, the Kennedy Democrats would no longer have the unholy advantage they’ve enjoyed since the Vietnam war in spinning news, and public opinion, to their advantage.
And the conclusion to be drawn is, that more of the US population would have full perspective on events and political candidates, and consequently the decisions made in voting booths would more nearly reflect the public’s wishes.
Ergo, the NYT should shape up or ship out. And take Walter Duranty’s Pulitzer “prize” with it.
There is a reason the dividend payout is 7%…
This is a firm that is dying. The building is worth something, the paper is not. Can the income continue to support the dividend payouts and the expense of running the business? I don’t think so. I would rather own Ford. You don’t get a vote there, either, but they are trying to make a profit.
wutz 2 like?
1/2 lies 1/2 ads
and it gets your fingers dirty.
georgie jessel used 2 call it PRAVDA.
that was in the 1970′s.
it seems redder now but that’s just because the world has moved right; its a post-Reagan/post-Thatcher world.
but pinch and obama and the dems still think it’s 1968.
if they wrote a paper for today’s world, then they would have more customers.
people who think the world is worse now than 1974 are only a small segment of the public.
they do however make up a majority of people who work at the nytimes and who run the dems.
The Grey Lady is a syphilitic old whore. Soon may she expire. Bury her deep and place a stone over her sufficient to keep the evil old baggage from ever crawling out again.
The NYT is a brilliantly run business. Amazing in its design production and manufacture. But the content is, and has always been, much overrated. And I am not remarking here on political slant. If the Times was worth cutting down trees for, it would not have to be sold so aggressively and unscrupulously.
I speak as a recovering victim of the Sulzbergers and the Ochsen and their ruthless flogging of their mediocre rag.
At the tender age of nine, I was torn from my studies and hauled off with some twenty or twenty-five of my schoolmates for a tour of the NYT. Where the rule was written, I don’t know, but a tour of the Times was required for all grade-schoolers in my day.
The only thing that I and millions of other kids like me remember from that tour were the presses. We were branded by those huge machines and the brand was New York Times. The scale, the noise, the giant whirl of steel and paper were indelibly imprinted. We were every one of us future customers.
Let me amend that. We were already customers but we didn’t pay directly for the privilege. Our school, like many others, subscribed to the Times weekly student supplement. And we nine, ten, eleven and twelve year olds read the Times student supplement faithfully whether we liked it or not because we got homework and tests based on it.
By the time I finished grade school, I’d had so much of Sulxy and Oxy’s fish wrap shoved down my throat that ‘newspaper’ was synonymous with ‘Times.’ In high school, citing the Times in class discussion put you in good with the teach. Citing an editorial scored big. The smartest kids in school demonstrated it by how far they could get in the Times crossword. The NYT was a mainstay source in writing papers.
I was thoroughly brainwashed. For years I labored under the conviction that someone who didn’t read the Times every day was uninformed. Ashamed though I am to admit it today, I reached a point of such intellectual depravity that I forced myself to read articles in the Times in which I had no interest whatever. Reading the NYT editorial page was a near religious obligation. Lord help me, I even read Anthony Lewis. The most boring man in America. Faithfully. Several times a week. I cringe to think of it.
At some point in my life I found out that the NYT had for years suppressed news of what was being done to European Jewry under Hitler. I read that Arthur Ochs Sulzberger refused to acknowledge kinship to European family members he could have rescued and who were subsequently murdered. It is brooded about the kosher circles I travel that Sulzberger Sr’s progeny who run the Times today take umbrage when strangers mistake them for lowly Jews when even a blind man can see they’re High Episcopal.
Anyway, I’m happy to say I’m off the Times and recovering nicely. If any fellow victims of the NYT want to join in a class action suit for damages from the NYT I’d like to hear from them. Also from all those diagnosed with cancer who feels it may be attributable to years of carcinogen newsprint on their fingers.
Mike:
Mike – Surely Pinchy can simply order an editorial to be written decrying the papers decline and prognosticating it’s improved future health. That should do the trick!. After all, he ordered the Viet Nam war to be lost by just such a procedure, unfortunately for him, that’s not working as well in the Iraq war as we seem to be winning, DAMMIT.
Incorrect, Pinch was just a college student during Vietnam. His father, “Punch” Sulzberger was widely respected and was – very rare in Jews – a true war hero (Marines in WWII and Korea combat) and strong conservative in many matters. He did have a liberal editor he gave free rein and he himself turned against the Vietnam War. Even so, he nearly puncched out pinch when his hippie son said he hoped that in a fight that the VC soldier would kill the American one.
Under “Punch”, the NY Times reached it’s zenith of respect and being considered the news source of record.
“Pinch” is a derogatory nickname, insinuating that if there is any of “Punch” in his sorryass son, it is no more than a “pinch”.
*************************************
David Thompson – The New York Times is a publication only suitable for the pseudo-educated.
That is just ignorant conservative babble. No one with any objectivity would say that the NY Times still covers a range of subjects better than anyone else and that much of their reporting and editing is still without peer.
What is obvious is the Times under “Pinch” has made a series of awful business decisions, has infected their Brand with anti-Western, anti- American, anti-national security through ideology and twisting news into editorializing.
The latter has been so obvious that even the Left now talks of “the NY Times Agenda for America” and rival news outlets in NYC and nationally have now started talking about their superiority to the NY Times in presenting news objectively without slant or hidden bias, and are showing success in that approach – as even liberals in NYC have tired of manipulative news from “Pinch”, all the Israel-bashing, his damaging national security just to “get Bush”.
It would be a shame if one man brought down such a great creation…but unless “Pinch” is soon shitcanned for a non-Sulzberger or a competent one like Michael Golden – the Times may just face the “class B lawsuit” music from failure to perform fiduciary duties to shareholders, evaporation of advertisers unhappy with being associated with “Pinch’s” ideologies…a hostile takeover or Sulzberger Family civil war beckons.
Having lived in NYC for a number of years, the Times was always a pleasure to read and part of my daily ritual. I am appalled and disgusted as to the level where the great grey lady has fallen. This is not my NYTs; nor do I subscribe anymore. It has gone so liberal and to the left, there is no objectivity remaining. The Times has become a primary vehicle for the “left wingnuts” and its writers and editors refuses to print the truth. It’s coverage of Obama is disgusting and slanted, it should be renamed “The Obama Times”, as based on coverage, as it would more appropriate. It is a sad day for journalism. Unfortunately, it appears to be the trend in today’s MSM.
RIP NYT – Can’t say I’ll miss you…
This morning the NYTimes.com front page used Obama’s name (12) times and McCain (2) times. This lopsided coverage even startles someone who has read the paper all of his life.
In general no longer seeks news from the New York Times but instead use it for…well what does one use it for? Not ads, those have gone to Craigslist, not Real Estate, there are dozens of more savvy online services. What exactly is its mission? Editorials? Its good at that, pages upon pages of editorials
“cedarford,” you’re clearly articulate…but most uninformed, ignorant and excessively-leftist-biased on this matter:
“…the NY Times still covers a range of subjects better than anyone else and that much of their reporting and editing is still without peer.”
HORSEHOCKEY. The NYT – my (many decades ago) once favorite paper – has long ago renounced its desire and ability to cover vital topics in other that a propagandistic manner. Their reporting and editing has tanked as well (pardon my misspelling, but does Jayson Blair ring a bell, sonny?!).
I’m “in agreement” regarding WITHOUT PEER…but only if you mean how far the once grand daily journal has sunken into the toilet.
Thanks “david levavi” for illuminating the ongoing propagandizing of school kids in New York at the hands of this worthless rag. You and your classmates were unwitting members of a “cult” sponsored by the NYT and abetted by the school system and the teachers union. Reading your account is like reading about someone who escaped from Jonestown or the FLDS. The NYT and its accomplices “raped” your growing minds for profit and ideology. For those reasons alone, I hope I live to see the day when Pinch and his family have to sell out. Unfortunately, they will never be poor, but at least the country will be rid of this pariah.
I know longer read newspapers…nyt is a perfect example why
The Wizard has said it all and I second the motion.
Brings to mind the old adage: “What is the easiest way to end up with a small fortune? Start with a small one.” What is the easiest way to end up with a mediocre newspaper? Start with a great one, then make it the organ for expounding your own warped viewpoint. Thanks, “Pinch”. It is doubtful that the NYT will ever regain its iconic position, regardless of who prevails in the coming family bloodbath. In a couple more generations the family money will likely be gone, too. Sad, but in “Pinch’s” case, I must admit that I am not above a little schradenfreude.
Sympathy for Pinch? Pinch is the George Soros of the media world.
Pure unadulterated scum.
She was once the NewsPaper of Record, but now she is the NewsPaper of the Liberal Agenda. There is no saving her, she’s dead already.
When news has become propaganda of the political elite, it is no longer news.
The thing about the NYT is that if you take the paper & throw away the “news” and opinion sections, it’s a pretty good read.
So when I see the remaining sections in a coffee shop, I pick them up & read them.
But I don’t buy the paper anymore, for the same reason that I don’t buy The New Yorker, despite the occasional interesting article. They are not trustworthy reporters of the facts, and their reporters seem to have a very limited understanding of the world outside the Washington-New York corridor.
As Moynihan said, you are entitled to your own opinion, but you are not entitled to your own facts. The NYT either doesn’t understand that, or disagrees with it.
One word: Google.
There are not enough socialist readers to keep the paper in business. They lost credibility of posing as journalists rather than official Party Members, when exposed by the new media. Grandma has nothing on the NYT!
The business model can not survive, but what do socialists care about that?
oops… the second “small” should have been “large”.
Their arrogance knows no bounds, they did it to themselves. They could have listened to Bill Safire but didn’t. Good by good riddance.
The NYT detests America, as is evidenced by the alacrity with which they subvert, demoralize, and betray her. The NYT editors seem to loathe America because the country is of and for the common man and needs not their enlightened rule. For those reasons (among others), they’ll get no support from me or mine, ever.
Sulzberger is increasing dividends, even as income is tanking, and doing it to the pt where he’s outright bleeding equity to do so?
If true, he sounds like a man resigned to his fate, looting before the loot’s gone. Why else bleed equity from a struggling co?
The New York Times is – and should remain – the perfect window into the Marxist mind. Wish them to survive, for where else can one go and immediately access its dysfunction.
Oh, please, the NYT’s hasn’t been the paper of record for some time. The content is sickening. The omissions, errors and their anonymous sources are sickening. Krugman, Dowd, Friedman, please, those hacks are so over. After 9/11, seeing where its typical smarmy lefty anti-American attitude was going I cancelled it after 20 years and have never looked back.
It can’t die fast enough. In the world we now live in having factual and balanced news counts more than ever.
Sulzberger is doing what his family wants – transforming the market value of the NYT into one big off-the-books campaign contribution.
Fortunately, he can only do that once.
I actually went to high school with Pinch Sulzberger. I was amazed even then at how someone from a rich and powerful family like that could be such a nonentity. Believe me, if Pinch hadn’t inherited his job he wouldn’t have gotten as far in journalism as Jimmy Olsen.
C-fudd – still all a-flutter over your child-killing hero Cuntar?
I want a long, slow, lingering demise for the NYT, with Pinch and his sycophantic ‘reporters’ and columnists writhing in pain as she goes. I want to hear wailing and lamentations from the ‘elites’ who revere her. I want the teevee types who feed off her to watch in horror as their main source dries up and withers to nothingness. I want her honest competitors to ravage her revenue base, and I want her enemies to ululate and set off celebratory gunfire.
A little over the top, but, hey!, I can live with that.
“was – very rare in Jews – a true war hero”
True, most Jews do not fit C-fudd’s defintion of “hero” by smashing in the heads of little girls. My brother volunteered for the Marines at the height of the Vietnam War, going on to serve 10 years active duty and 10 years more in the Reserves. But he never murdered any innocent civilians so perhaps C-fudd is right.
Reading through David Levavi’s comment was akin to attending some new type of 12 step program. So, “Welcome, David”. “Welcome to NYTA”.
Could happen to a more deserving family, imo.
“Couldn’t” happen — [sorry]
The top masts are aflame, I may she burn to the waterline!
Nuts,…”and” may she burn…
The NYT is discredited amongst honest people now. The only thing that could be better is if it gets discredited amongst liberals as it sinks into oblivion.
Yeah, liberals = dishonest.
I read the NYT for 45 years (truly) but its yellow journalism against the Iraq War and against George Bush was just too much to bear. I realize there are many problems with print media, but I do hope that those of us who simply want an honest newspaper and who, therefore, left the times, will accelerate its demise. One the execrable “Pinch” is thrown out, perhaps an decent, honest paper can arise from the ashes.
Stopped reading the Times and now I read The New York Sun. The President should issue an executive order prohibiting the expenditure of any government funds to subscribe to or support the Times. It was a magnificent machine that has sunk into a pool of resentment and sexual confusion. Many years ago my mother took her class on the pilgrimage to the Times. While they were there paying homage at the shrine of the newsroom they ran into Anthony Lewis. It must have been his annual trip down to NYC from Cambridge. One of the teachers tried to look smart by asking Mr Lewis what he thought of USA Today. The Great Man drew himself up pronounced, “Fish would jump out of it!”
I’m always amazed at bright, sophisticated people who get all their foreign news from a domestic source and then consider themselves informed. Has it never occurred to them that that source is a gatekeeper that makes decisions on what news they should and should not hear? I want to make those decisions myself.
A few months ago, a woman I know with a strong interest in Italy was surprised to learn that there was a big story about Italy that she hadn’t heard about, the Amanda Knox story. “It wasn’t in the Times,” she whined, “so how did you hear about it?” I replied that I had heard about it because I look at foreign media. Sheesh!
Even if the NY Times were all its supporters say about it, I still wouldn’t depend on it exclusively the way so many other people do. Like I said, I want to make my own decisions about what news comes to me.
Maybe the NYT needs a new masthead mottoe….yeaaaa…something like: “All the news that’s shit,we print.”
This article is just more proof that the average American is indeed significantly more intelligent than the self-proclaimed intelligentsia. These pseudo elites really think they are smarter than the rest of us and that the rest of us need to listen to them.
The fact of the matter is that we have listened and recognize ignorance, shallow principles and corrupt morals when we see them. We vote with our checkbooks.
If you can’t provide a viable service, you cannot stay in business. It’s as simple as that.
Best regards,
Gail
Subscribed to the NYT for 10 years, read it everyday on my commute to NYC. Still have some old issues with some good articles. Cancelled in 2001 after it became so nauseating biased I couldn’t even read the styles section without finding some editorial drivel inserted in an article. When I cancelled the paper, the individual taking my call asked me why, so I told her I couldn’t stand the editorial commentary that replaced what used to be news.
I love this group of recovering former Times readers! I’ve been reading the NYTimes daily for the last 60+ years–and cancelled my subscription last week when my wife finally agreed that the Bush bashing anti-semitic rag was no longer readable. I’ve been feeling tremendously liberated–and she is happy with the extra time and diminished aggravation.
A SZMATA (shmata) in Polish means a dirty, smelly, slimy, rotting, repulsive piece of an old rag, used to mop a dirty, muddy, slippery floor. It has also been used by Poles to describe a COMMUNIST “NEWSPAPER”. There is NO DOUBT that the word SZMATA suits NYT just perfectly. The damage, however that is being done by SZMATAS like NYT is much greater than by those communo-fascists szmatas that I remember. No matter how skillfully commie journos tried to pour their poison, their lies into our minds, no one (even journos themselves) believed a single word they spewed, so the impact was NIL. Here (I mean in a so called “Western world”) large part (perhaps even a significant majority) of a population seems to be naive enough to buy enthusiastically the nonsense the szmatas like NYT, LAT, Boston Globe, New Yorker and so many others are selling.
On an otherwise dull day, this was especially good news. Its demise cannot come too soon.
A few weeks ago I read in Pajamas Media an article by Mr. Bruce Bawer “The Times, It Aint a-Changin” and below is what I told Mr. Bawer about our experience with the Times. The propaganda the Times made for the Cuban Revolution and Fidel Castro changed the course of the war against Fidel Castro and his band of horse thieves who were almost annihilated by the regular army. After the Times article the U.S. Ambassador announced to the then President Batista (a right wing dictator) that U.S. supply of weapons, ammunition and spare parts for the aviation would cease immediately.
The regular army practically surrendered without fighting and Batista escaped to the Dominican Republic, surrendering the government and the army to Fidel Castro. The rest is history, almost 50 years of the most cruel and blood thirsty dictatorship ever in the Western Hemisphere, thanks to the unconditional support the New York Times has always offered to this cruel monster by the name of Fidel Castro and his communist regime of thieves and murderers.
Later the Dan Rathers, the Barbara Walters, CNN, CBS, NBC, ABC and practically all the “progressive journalists” (read communist) of the U.S. collaborated with the regime of Fidel Castro and helped to hide the crimes against humanity perpetrated by this evil tyranny. The rest of the story will be known very soon as the dictator is dying a slow death with a lot of pain. That is the same we Cubans wish for the NYT. Amen.
Mr. Bruce Bawer
Benidorm, Spain
June 26, 2008
Dear Mr. Baer, I just finished reading your article “The Times, It Ain’t a-Changin’ in Pajama Media and I congratulate you for exposing the dark side of the Times so forcefully. I enclose for your information the comment I send to Pajamas, perhaps one day you would like to write a book about Cuba and what Fidel Castro, Che Guevara and many others did to a peaceful, prosperous, happy, beautiful country. If you decide to write the book I will give you some contacts in Miami that will give you the background and the real history that The New York Times never published. Shame on them!
THIS IS THE COMMENT I SENT TO PAJAMA MEDIA ON YOUR ARTICLE
I am glad to read that the NYT is losing money and perhaps will close soon. The Cuban people owe the Times and Mr. Herbert Mathews for the misery and bloodshed we are suffering in Cuba for almost 50 years. He compared Fidel Castro to Robin Hood and the rest of the world believed him. He wrote about the man who was going to bring peace and prosperity to the beautiful island and what did we get instead? A brutal tyrant, a despot who has impoverished the most affluent country in Latin America and the Caribbean. With more than 2 million Cubans exiled around the world, and more than 300,000 executions and thousands of people in prison just for thinking of freedom and democracy the damage the Times has done is unforgivable. One day the tragic history of Cuba will be known and the world will know everything about the “paradise” Mr. Mathews so diligently sold to all the readers of the Times. The world will also know the tortures, the crimes Fidel aka. “El LOCO ENDEMOMIADO” with the help of East Germany secret police Stassi has committed against the people of Cuba. The least I wish for the Times is that they close shop for ever. I also wish the same to some other American and European newspapers who are in the business of promoting Communism. The influence of all these newspapers has been extremely detrimental for democracy and human rights in many countries around the world. VIVA CUBA LIBRE! VIVA U.S.A.!
Alberto Gonzalez.
“Arthur Ochs “Pinch” Sulzberger, Jr. of the New York Times deserves our sympathy.”
What in the hell are you talking about? He’s a clown, an idiot, incompetent, an asshat, and biased to boot.
I’d still be a NYT subscriber if just about every article didn’t have a slam against Christians or Republicans or President Bush or the military or “flyover country” gratuitously tossed in. Even the damn restaurant reviews do this sometimes.
A monkey could run that franchise and make money. Unfortunately, the Sulzberger family seems to have no monkeys in its ranks.
Sheeeeesh.
The country lurched hard to the left during the 60′s and the driving force behind that move was the NYT. We are now witnessing the death and dismemberment of that movement and its primary propaganda organ. Obama is the chosen candidate of that movement and we are watching him self destruct as well while, like any power driven pol, he is trying to move from the far left to the center in order to prevail in the general election. But notice how the NYT is resisting this move of Obama’s. His candidacy is toast, just like the NYT and the far left movement it promotes is toast. Both Obama and the NYT are victims of the incoherence and internal inconsistencies of their political philosophies. They are destroying each other. Good riddance!
JorgXMcKie, to me your comments were far from over the top (maybe a little) rather spot on! Thanks for a real chuckle.
I think we owe the little liberal creep)Pinch),a debt of gratitude(ironic)of course, for accelerating the decline of a vile,totalitarian rag,whose raison d’etre has always been imposing PC Stalinism on the American people.
The nasty christian-hating,little liberal creep,(Pinch) deserves our gratitude,for accelerating the (inevitable) decline of his nasty PC Stalinist rag.
to those who think market cap can salvage the company …. Pulease stay away from finance jobs. It’s all about liquidity in the face of declining readership and revenues.
My uncle just canceled our local paper after subscribing for decades. I bought him a computer last Christmas and he has now reached the point where he doesn’t need the local fishwrap. He is 76 years old. Goodbye newspapers.
“Pinch” of the New York Times is reaping what he has shown. Just as the old establishment mainstream media are also. With declining readership & viewership, many of the old establishment media are dying ugly deaths.
The public, that would include us “flyover” folk they love to disparage, have discovered they can get actual facts elsewhere. They have also discovered that much of the content of the sycophantic media aren’t as intelligent as they want you to believe they are. In fact, many of them display such ineptitude that average folk are shocked by their stupidity.
The NYT lost its luster as “the newspaper of record” for any who actually want to know what is really going on in the world.
Bush disappointed many, including me. However, the incessant Bush Derangement Syndrome bashing, has become pathetic. These folks, even though their own studies proved their boy lost the election (even by one vote, he still lost), & they refused to accept that. These folks grabbed hold of “he stole the election,” & just went apoplectic with hate.
The NYT is not only NOT the paper of record, its demise is now revealed as inevitable. Many who have read the hate mongering & who have been shocked by the distortions of truth & facts, are now enjoying the demise.
May it be long, slow, excruciatingly painful, & incredibly humiliating! After all, that has been the method employed to destroy any who were not in lockstep with the socialist agenda they so approve of, so why not wish the same for the NYT & any of its like-minded old establishment buddies?!?
AMEN! Rubicon!
For some quality schadenfreude, visit http://angryjournalist.com/
The editors of the NYT should be in jail along with Kerry and Fonda for treason in a time of war.
The New York Times should have returned the first pulitzer prize it won because it was for the work of a fraud called Walter Duranty, their Moscow correspondent for decades who suppressed stories about show trials and a forced Ukrainian famine; hence, when other reporters for other papers wrote their stories they weren’t believed because had it been so the story would have appeared in the “newspaper of record”.
Then, came the 60′s and their reporter, Herb Matthews, who wrote glowingly of Fidel Castro who had a small band of thugs in the mountains, and no money or arms. But with the backing of the Times, money, arms and volunteers flocked to Castro. Oh, and the Times helped Fidel out by warning him about the coming Bay of Pigs invasion.
I grew up in Manhattan but never trusted the NYT when it came to political issues. Its demise is long overdue.
I am very sad the Times is going. Igot my job through the New York Times.-FIDEL CASTRO
The Frank Rich of the New york Times thinks,I’m a genius! EMINEM
We kept our jobs through the NY Times!_STALIN and POL POT(sent through HOT Mail from hell).
The NY Times staff need look no further than its handling of the rejection of the McCain editorial after publishing the Obama editorial.
This is what’s wrong with the NY Times, in a nutshell.
It’s a _news_paper. They are not the gatekeepers of the news.
The current owning family bought the Times in the 1860s. They were copperheads and traitors to liberty then, and they are copperheads and traitors to liberty now.
The NYT has abused and disgraced the concept of “the freedon of the press”, to the extent that she should not be allowed to slowly die while pissing money into the pockets of the degenerates who own her. The NYT should be closed and the building razed to the ground and salt poured onto the smoking earth so that nothing ever grows there again.
all media outlets have become nothing more than commentary and op-ed articles to lend political slant to the story.
I too am so sorry that NY Times is in trouble. Pinch told me to apply for job of subharan editor under the times affirmative action policy: he said he liked my politics; now it looks like I might not have a job there(or here) . Robert Mugabe Harare,Zimbabwe
I run a sweatshop where I pay illegal mexican workers up to 2dollars and hour to sew in a basement firetrap.Thanks to the Times’ support for open borders and multiculturalism, I am now a millionaire,and I’ve only lost 2 workers to fires and accidents! I gotta buy stock in the paper and help it survive.I also got my job, through the NYTimes.Joe Greedhead, somewhere in Red State America
“Pinch is trying to save the independence of the family-controlled publishing concern (regarded within the family as a public trust)”
Public Trust??? What a joke. The reason this rag is going down the tubes is because they are no longer an objective purveyor of the news and everything they publish is transparently related to their radical leftist agenda. Yet they cannot seem to keep themselves from continuing down the path of their own destruction. They are in denial about the reason for their demise. “Public Trust” my a**, they are so corrupted by hate for conservative values that they are beyond redemption. Well, good riddance. Bye-Bye NYTimes!
Man, I was going to say something nasty about this has-been paper and has-been publisher, but I need not after reading the remarks of so many of like mind.
Good-bye NYT your final demise cannot come soon enough!
How sad. I began reading the Times as a student a Columbia in the late 40s. With youthful liberalism, I thought the paper conservative but objective away from the editorial page. The left drift became intolerable in the Bush/Gore campaign and that ended my subscription. It is nice to feel part of a group with the above writers. I still have liberal friends who email me articles so I am not entirely free. It is sad to see a paper that was once a chronicle of our times become a house organ for liberalism. Hate to see any newspaper fold, but the Times, enough already. Maybe Murdoch can pick it up as a bargain and bring readers and advertisers back.
31. David Govett:
“The NYT detests America”
The NYT detests all that is not NYC, David.
Nothing but the City and its political hothouse counts.