In New York, Scrappy Local Newspaper Struggles For Survival

That was the headline of a typically witty Iowahawk satire of the history of the Gray Lady. But Tom Blumer, who runs Bizzyblog says that bizzy–err, business–hasn’t been too good lately at 229 West 43rd Street:

The New York Times is a publicly-held company (symbol NYT). It has a responsibility to attempt to earn a reasonable return for its investors.

How is it doing in that area? Two words