no_more_naacp: blog 
no_more_naacp's blog
this is beautiful
Published Jul. 23, 2008
The New York Times is blaming this on gas prices. Perhaps it has something to do with all the lies they publish on a daily basis
The New York Times (NYT: 13.25, +0.39, +3.03%) fell as low as $12.38 this morning after its second quarter earnings missed estimates. Profits plunged 82% to $21 mn versus the $118 mn posted in the same period a year ago, a period that was helped along by the one-time sale of an asset.
The share plunge is the lowest since July 1995.
Print ads dollars at the Times continue to shrivel, sending operating income in a nosedive, as ad dollars continued their inexorable march toward the Internet. Hotels, automakers, airlines, all hurt by high energy prices, have pulled back sharply.
The Times is hoping against hope that its mix of assets, including The Boston Globe, the International Herald Tribune, About.com, regional newspapers and a classical music radio station in New York can pull it out of its corkscrew dive south. Stay tuned.
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Yes, that old National Enquirer story from December last year... We all know how reliable the National Enquirer is, right?
Which 'fabricated story about McCain'? The one about how McCain thinks Iraq borders Pakistan? No, nobody would make that up since nobody would believe it. No, wait, McCain apparently DOES believe Iraq and Pakistan shares a border...
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July 23, 2008 5:12 p.m.
July 23, 2008 3:42 p.m.
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July 23, 2008 3:35 p.m.
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July 23, 2008 3:31 p.m.
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July 23, 2008 3:16 p.m.
I agree that there is editorial bias, and I'd contend that it exists in both directions of the political spectrum, but I don't really think it's the driving force behind the death of traditional media. The business model itself just isn't viable any longer.
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July 23, 2008 3:11 p.m.
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July 23, 2008 3:06 p.m.
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July 23, 2008 3:06 p.m.
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July 23, 2008 2:57 p.m.
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