New York Times bonds near junk territory

By Michelle Malkin  •  October 23, 2008 04:31 PM

Isn’t this poetic justice? (Hat tip - Daniel G.)

Moody’s Investors Service said on Thursday it may cut its ratings on New York Times Co into junk territory, citing concerns about continuing revenue declines and risks associated with refinancing its debt.

The New York Times posted a quarterly loss from continuing operations on Thursday and said advertising revenue at its news media group dropped 16 percent for the quarter.

Newspaper advertising market conditions are likely to remain challenging in 2009 and continuing revenue declines will make it difficult for the company to bring its credit metrics in line with its investment grade rating, Moody’s said in a statement.

It will also make it hard for the publisher to execute its plans to improve liquidity, Moody’s added.

Moody’s said it may cut the New York Times from “Baa3,” the lowest investment grade. Downgrades into junk territory can significantly increase a company’s borrowing costs.

Risks from refinancing maturing debt also prompted the review for downgrade, Moody’s said.

The New York Times said it is looking for ways to reduce its debt, but said it is a difficult time to make asset sales.

Anyone smelling a bailout plea coming on?

Posted in: New York Times

See what others have said

Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.

Trackbacks

  1. New York Times Stock Craters - Welcome to The Free Market Fellas | The Patriot Room
  2. Press Consumed by Palin Wardrobe Costs While “The One” Skates on Fraudulent Online Campaign Donations — New England Republican
  3. Chew On this: Dressed For Success Edition w/more flair! « Chockblock’s blog
  4. 123beta
  5. New York Times bonds near junk territory | PoliticsMuch.com
  6. New York Times bonds near junk territory | PoliticsMuch.com
  7. Tel-Chai Nation
  8. NY Times: How Obama could still lose | Mofo Politics | Everything McCain, Obama, Palin, and that other guy-related
  9. Soccer Dad
  10. Ooh, Shiny Things | Constant Conservative
  11. ¿Cuál fue el último republicano que apoyó el ‘prestigioso’ New York Times? « REVISTA JUPITER
  12. Bailing Out Old Media « New Wars
  13. New York Times bonds near junk territory « Top Daily Digest Reading
  14. Pajamas Media » Even Female Conservative Pundits Embrace Palin Bashing
  15. “Even Female Conservative Pundits Embrace Palin Bashing”
  16. Is it possible to “leak” that someone’s a fugitive? | Right Voices
  17. Michelle Malkin » The newspaper bailout countdown clock
  18. Liberal NYT Prank | Jud Stephenson
  19. Michelle Malkin » The newspaper bailout countdown clock: It’s here!
  20. Political Party Poop
  21. Common Sense Political Thought » Blog Archive » Eighteenth century technology, part 4
  22. Michelle Malkin » Cash-strapped NYT tries to offload Boston Red Sox
  23. Michelle Malkin » And so, it has come to pass…

Trackback URL

Comments

  1. #1
    On October 23rd, 2008 at 4:34 pm, leftcoastconservative said:

    So the stock is qualified in the regal territory as the prose. About time.

  2. #2
    On October 23rd, 2008 at 4:36 pm, tyrfing said:

    Not to worry, they have a solution: Move more to the left.

  3. #3
    On October 23rd, 2008 at 4:38 pm, RabbidSquirrel said:

    Maybe they should relocate it to California

    BTW could they just ‘employ’ some undocumented workers to write their articles for them? Seems like they could save some money that way. As the worker cleans each office or desk, they could stop and write and article or two and have it setting on the chair for the next morning.

    Kinda like Rumpelstiltskin

  4. #4
    On October 23rd, 2008 at 4:39 pm, BuckNutty said:

    I hope Rupert Murdoch buys them. That would drive the left CRAZY

  5. #5
    On October 23rd, 2008 at 4:40 pm, brooklyn red said:

    With all due respect mam, all stocks are near junk right about now…

    But as a New Yorker, I do find this sweet.

  6. #6
    On October 23rd, 2008 at 4:43 pm, tarpon said:

    Fish everywhere are celebrating …

  7. #7
    On October 23rd, 2008 at 4:43 pm, RedDog said:

    Goodbye and good riddance.

  8. #8
    On October 23rd, 2008 at 4:43 pm, fluffy said:

    Bailing out the NYT would be a blatant violation of the First Amendment, but some lefty will suggest it with a straight face.

  9. #9
    On October 23rd, 2008 at 4:43 pm, shooter said:

    Bailout?
    Sure, Ask VP Palin in about 3 months.
    Now that’s what I would call ‘Fairness Doctrine’.

    Good riddance.

  10. #10
    On October 23rd, 2008 at 4:44 pm, DerKrieger said:

    Ditto - “Good Riddance”

  11. #11
    On October 23rd, 2008 at 4:45 pm, seveneleventy said:

    Don’t laugh, George Soros may buy it!

  12. #12
    On October 23rd, 2008 at 4:45 pm, DerKrieger said:

    I hope Rupert Murdoch buys them. That would drive the left CRAZY

    And then closes the doors and lays them all off. With Murdoch’s money I’d do it just for spite and a good laugh.

  13. #13
    On October 23rd, 2008 at 4:45 pm, cpodug said:

    Hey, RS - don’t we have enough problems of our own out here in the Left Coast? Why are you pushing the Fishwrap of Record onto us? :shock:

  14. #14
    On October 23rd, 2008 at 4:47 pm, mymanpotsandpans said:

    “Bailout?
    Sure, Ask VP Palin in about 3 months.
    Now that’s what I would call ‘Fairness Doctrine’.”

    Great shot, Shooter!

  15. #15
    On October 23rd, 2008 at 4:48 pm, regularguy said:

    Funny thing, this free market is. Rewards quality, punishes crap. That is, unless government gets its filthy hands on it.

  16. #16
    On October 23rd, 2008 at 4:49 pm, Paul Revere said:

    DLTDHYWTGLSY

  17. #17
    On October 23rd, 2008 at 4:49 pm, Southpaw said:

    I’m starting to get the feeling that the “Mainstream Media” isn’t that mainstream anymore. New York Times…New York Times…was that a newspaper?

  18. #18
    On October 23rd, 2008 at 4:49 pm, tc2011 said:

    I propose a concerted effort to boycott:

    If you have a subscription, cancel it.

    Absolutely no links to nytimes.com (generates ad revenue). Alternatives include screenshots or “safe-linking” to an original blogger’s post. If you must link nytimes.com, put a warning that it goes to that site so people can choose not to follow the link.

    Any other ideas? Spread the word.

  19. #19
    On October 23rd, 2008 at 4:49 pm, teachem2 said:

    On October 23rd, 2008 at 4:45 pm, seveneleventy said:
    Don’t laugh, George Soros may buy it!

    That still won’t make them profitable. It’s their leftist slant that is causing people to ignore them. They are rendering themselves irrelevant.

  20. #20
    On October 23rd, 2008 at 4:50 pm, James Felix said:

    With all due respect mam, all stocks are near junk right about now…

    That’s not true. There’s a big difference between a stock’s price being down because of general market conditions and it being down because the company is fundamentally unsound.

  21. #21
    On October 23rd, 2008 at 4:50 pm, AlohaGuy said:

    Crapsandwich meets fairness doctrine equals tax supported fishwrap.

  22. #22
    On October 23rd, 2008 at 4:52 pm, RabbidSquirrel said:

    On October 23rd, 2008 at 4:45 pm, cpodug said:

    Why are you pushing the Fishwrap of Record onto us? :shock:

    What? My complete and utter disdain for Cali is being exposed?

    Other than its too sunny and my ex lives there, it goes downhill from there. lol

    Actually, I was initially alluding to the Brooklyn Dodgers relocating to LA, but then the illegals idea hit me too

  23. #23
    On October 23rd, 2008 at 4:52 pm, AlohaGuy said:

    As the worker cleans each office or desk, they could stop and write and article or two and have it setting on the chair for the next morning.

    Does Maureen the Maid ring a bell? :)

  24. #24
    On October 23rd, 2008 at 4:53 pm, txvet2 said:

    On October 23rd, 2008 at 4:49 pm, teachem2 said:

    Not the point. Soros could run it out of petty cash, just to get his propaganda out.

  25. #25
    On October 23rd, 2008 at 4:54 pm, On-my-soap-box said:

    New York Times stock nears junk territory

    Didn’t this happen last year? That would make this old news.

  26. #26
    On October 23rd, 2008 at 4:54 pm, AlohaGuy said:

    You knew they were on to something when the Theatre Critic began writing all of the political stuff…

    They’ve earned this distinction - or is that extinction?

  27. #27
    On October 23rd, 2008 at 4:55 pm, AlohaGuy said:

    Not the point. Soros could run it out of petty cash, just to get his propaganda out.

    This would only work if someone actually read it.

  28. #28
    On October 23rd, 2008 at 4:56 pm, teachem2 said:

    Not the point. Soros could run it out of petty cash, just to get his propaganda out.

    How would that make it any more readable than it is now? That’s basically what they do anyway.

  29. #29
    On October 23rd, 2008 at 4:59 pm, Drews2Cents said:

    The NY Slimes isn’t the only one going down…

    Too good to be true?

  30. #30
    On October 23rd, 2008 at 5:00 pm, nyc123me said:

    It’s been junk for many years imho.

  31. #31
    On October 23rd, 2008 at 5:08 pm, JustAThought said:

    Lowest it’s closed out a trading day in five years. Too bad, so sad. Buh Bye.

  32. #32
    On October 23rd, 2008 at 5:08 pm, Flyoverman said:

    You will probably find that in addition to their dropping like a rock advertising revenue they had also invested heavily in Air America stock. :)

  33. #33
    On October 23rd, 2008 at 5:09 pm, nlebou said:
  34. #34
    On October 23rd, 2008 at 5:09 pm, billcollier said:

    I just don’t get it. They do everything right…well LEFT:

    1. they ridicule half the population

    2. they only report one side of any story, or ignore whatever news they deem unfit to support their agenda

    3. they give special price breaks to MoveOn.org

    4. they talk down the economy all the time and frighten businesses with gloomsday news

    5. they fill their pages with useless drivel while leaving out real news that matters, and while burying apologies for gross inaccuracies

    6. they do their level best to convince Republicans that McCain cannot POSSIBLY win (of course, this is conditioned on the likelihood that 50% of all voters will be Democrats, 20% Republicans, and 30$ Independent, because THAT’S how it always is.)

    I mean, how FAIR can this be? This “ownership society” thing is terrible, as Obama loves to say, we need to bail out the NYT while, of course, muzzling the Vast Right wing Conspiracy who are led by Limbaugh, a “terrorist” according to Joy on the “View”.

    What we need is “balance” DNC style: the extreme left must be balanced with the slightly less extreme left in American media, Hollywood, Government, the courts, and Academia and the Right, of course, needs to just, um, go away… THAT’S Fair.

    How much more of this can we take folks?

  35. #35
    On October 23rd, 2008 at 5:10 pm, Jet Jaguar said:

    Not surprising. Their “product” is an endless litany of the kind of crap that lgm and his ilk uses to enlighten us. Keep shoveling, lgm, keep shoveling.

  36. #36
    On October 23rd, 2008 at 5:11 pm, Wildcatter1980 said:

    Is that Taps I hear echoing through the countryside?

  37. #37
    On October 23rd, 2008 at 5:18 pm, hawkeye54 said:

    Is that Taps I hear echoing through the countryside?

    No, playing Taps is too honorable for the demise of such a rag.

    Good riddence to a waste of newsprint and ink when it finally goes dark at the NYT.

  38. #38
    On October 23rd, 2008 at 5:20 pm, TooMuchTime said:

    Let’s see. The liberals caused this meltdown mess we’re in and it would be easy to get out of it. The liberal controlled congress could just pass a law removing any taxes on investments for a two year period.

    But they can’t do that because the economy would recover before the election. And that would be bad for Obamessiah and the other socialists.

    So, what’s happening? The NYT stock is tanking even faster. So, the liberals caused the problem and are throwing the NYT under the bus just to get The One elected!

    I love it.

  39. #39
    On October 23rd, 2008 at 5:29 pm, rambler said:

    Oh no, the NYT is sinking. What will I use for birdcage liners?

  40. #40
    On October 23rd, 2008 at 5:31 pm, Bud Fox said:

    It’s killing em’ and I’m loving it!

  41. #41
    On October 23rd, 2008 at 5:31 pm, socal99 said:

    I wish that I still subscribed so that I could cancel it again.

  42. #42
    On October 23rd, 2008 at 5:32 pm, CyberCipher said:

    New York Times stock nears junk territory

    Times subscribers please remain calm. Pay no attention to the iceberg of reality that rapidly approaches in the darkness. The NY Times is simply UNSINKABLE.

    My collie says:

    Good thing that the band is still playing. Should we rearrange the deck chairs?

  43. #43
    On October 23rd, 2008 at 5:34 pm, emjem24 said:

    Honest journalism has been bankrupt for years. So it follows that the NYT wouldn’t be worth the paper it’s printed on.

    This is what happens when a business loses consumer interest or confidence and cannot woo them back from the competition. A fitting end to a rag that has been nothing but a hit squad for liberals and globalists for years.

    RIP, NYT. You won’t be missed. 8)

  44. #44
    On October 23rd, 2008 at 5:44 pm, walterc said:

    If OB and the Dems take total control of Washington, we can expect an auto industry type “loan” to keep the old girl afloat.

  45. #45
    On October 23rd, 2008 at 5:49 pm, hawkeye54 said:

    On October 23rd, 2008 at 5:44 pm, walterc said:
    If OB and the Dems take total control of Washington, we can expect an auto industry type “loan” to keep the old girl afloat.

    Nah, won’t need a loan. The DNC can just buy it cheap and make it official since they’ve “owned” the NYT for some time now.

  46. #46
    On October 23rd, 2008 at 5:57 pm, uhangtight said:

    On October 23rd, 2008 at 4:59 pm, Drews2Cents said:
    The NY Slimes isn’t the only one going down…

    Too good to be true?

    But, yes, can we believe this story about Michelle Obama and the phone call? Can we believe any of these allegations? It seems to me that if Hillary could have proved he was not a legitimate candidate she would have and not waited to present the story of adoption and Obama’s status as a citizen.

    But, could this be the real reason he is running to Hawaii for the second time in a week? To try and straighten out his citizen status? I know his excuse is that his Grandma is ill, but is that true? Do we really know what is truth when it comes to this guy?

    Oh, and NYT, just a matter of time before you are barely a memory. Also, would be nice if Rupert would buy.

  47. #47
    On October 23rd, 2008 at 5:59 pm, 30 pcs of silver said:

    But these folks will lead you to believe that what they are selling is what the majority of Americans want. Riiiiight.

  48. #48
    On October 23rd, 2008 at 6:06 pm, Flyover State said:

    On October 23rd, 2008 at 4:49 pm, tc2011 said:
    I propose a concerted effort to boycott:

    ..[...]… Absolutely no links to nytimes.com (generates ad revenue).

    That’s a great idea, because I refuse to click on a link when I know it leads to the NYT, and so I have to wait for the blogs to start talking about something in order to pick up on the general drift.

  49. #49
    On October 23rd, 2008 at 6:08 pm, NJ-Aviator said:

    In a casual, non-scientific survey, I’ve tried to take note of how many people read the times on the commute in and out of NYC. Over the last 10 years, I get the sense that I see fewer people reading the times.

    And more and more people reading the NY Post.

    When it comes to the Times.. Less is More.

    I hope they have to pay out lots and lots of cash for that new building they moved into near the 42nd and 8th Ave.

  50. #50
    On October 23rd, 2008 at 6:18 pm, MtsEdge said:

    I hope Rupert Murdoch buys them. That would drive the left CRAZY

    Perfect capitalistic solution for the lefty fishwrap.

  51. #51
    On October 23rd, 2008 at 6:27 pm, tre said:

    On October 23rd, 2008 at 5:59 pm, 30 pcs of silver said:
    But these folks will lead you to believe that what they are selling is what the majority of Americans want. Riiiiight.

    That’s right, 30. Don’t take their word for it, just ask them!

  52. #52
    On October 23rd, 2008 at 6:38 pm, d1carter said:

    Well that’s one good thing to come from this economic turn down…

  53. #53
    On October 23rd, 2008 at 6:43 pm, watershed said:
  54. #54
    On October 23rd, 2008 at 6:45 pm, Henry said:

    On October 23rd, 2008 at 4:49 pm, tc2011 said:

    Any other ideas? Spread the word.

    Short selling 100 shares will only cost you $1000… and it’s possible that you might make some money while you’re at it.

    8)

  55. #55
    On October 23rd, 2008 at 6:55 pm, emjem24 said:

    watershed said #52:

    Yet another example of irrelevancy. Again, why are you here if you think us all hypocrites?

    Please, take your “dog and pony show” somewhere else. Perhaps, the Kos Kids can pat you on the head and say “job well done.”

  56. #56
    On October 23rd, 2008 at 6:58 pm, navywife91 said:

    Yet another example of irrelevancy. Again, why are you here if you think us all hypocrites?

    emjem
    Didn’t you coin the phrase “swoop and poop”. I think that would answer your question. :smile:

  57. #57
    On October 23rd, 2008 at 7:01 pm, recovering liberal said:

    In the late 50s, my high school journalism class toured the NYT. This was back when the Linotype machine was the latest thing in type-setting, children. I remember the respect my teacher inculcated in us for the honorable profession of journalism, and most especially for the New York Times. Just before I moved West in the late 60s, the tone changed. No more detached observation; the reporting turned personal. Lots of sob-sister anecdotes in supposedly straight news stories. It was the beginning of the end. The old gray girl is getting no more than she deserves, but it is still so sad.

  58. #58
    On October 23rd, 2008 at 7:10 pm, scituate_tgr said:

    Most of us know why these dinosaurs are tanking.

    Here’s an interesting request from a Democrat journalist titled:

    Would the Last Honest Reporter Please Turn On the Lights?

    Here

  59. #59
    On October 23rd, 2008 at 7:16 pm, PBoilermaker said:

    The truth -could- set them free, but they refuse to report the truth.

    I hope they fold.

  60. #60
    On October 23rd, 2008 at 7:17 pm, PKAmmoTroop said:

    Watershed must either have a clothing fetish or is jealous that she didn’t get a neat new wardrobe like Sarah. Otherwise I can’t think of any reason why she would interject something as meaningless as a legal clothing bill into a discussion of the self destruction of the “Gray Lady”

  61. #61
    On October 23rd, 2008 at 7:17 pm, DannoJyd said:

    I’ve been watching and waiting for this for over a year. WOOHOO!!!!

    That couldn’t be more deserved. Now to see how many more socialist rags follow suit.

    Don’t forget about this when the next rise in unemployment hits. :oP

  62. #62
    On October 23rd, 2008 at 7:21 pm, navywife91 said:

    On October 23rd, 2008 at 7:17 pm, PKAmmoTroop said:
    Watershed must either have a clothing fetish or is jealous that she didn’t get a neat new wardrobe like Sarah. Otherwise I can’t think of any reason why she would interject something as meaningless as a legal clothing bill into a discussion of the self destruction of the “Gray Lady”

    This is his/her drum to beat and frankly it’s so sad. I’ve made a pledge to ignore ignorance. How about you?

  63. #63
    On October 23rd, 2008 at 7:23 pm, navywife91 said:

    On October 23rd, 2008 at 7:10 pm, scituate_tgr said:
    Most of us know why these dinosaurs are tanking.

    Here’s an interesting request from a Democrat journalist titled:

    Would the Last Honest Reporter Please Turn On the Lights?

    Here

    That is a great article! I heard about it yesterday and hope everyone sends it to their family, friends, etc.

  64. #64
    On October 23rd, 2008 at 7:24 pm, gandolphxx said:

    Actually if you link to the ‘printer friendly’ version you bypass all ads, etc - encourage folks to read the stories with out ads - LMAO - the NYTimes is as dumb as the rest of them.

  65. #65
    On October 23rd, 2008 at 7:35 pm, The Master said:

    What amazes me is that the company’s shareholders have essentially let the Sulzberger family run the newspaper into the ground. It is obvious beyond obvious that the paper’s far-left politics and smug nose-in-the-air attitude have alienated the sort of “normal” people that any large company needs as customers to be successful. I’ll read virtually any kind of media but wouldn’t use the NYT as kitty litter.

  66. #66
    On October 23rd, 2008 at 7:35 pm, dadinseattle said:

    My story about honesty of the media contains that direct link too.

    I am waiting for the day that the new paper of America emerges;
    The Liberty and Freedom Times.

    All editors and reporters would vow to report all sides of the news and would not try to put a partisan spin on it.
    Ethical reporting clause would be term of employment.

  67. #67
    On October 23rd, 2008 at 7:42 pm, JEM said:

    As they say -

    Faster, please!

  68. #68
    On October 23rd, 2008 at 8:13 pm, RobM1981 said:

    I saw this on Drudge and came here specifically to comment (rejoice) on it.

    I love it every time we get to post on this.

    Isn’t it poetic that they have made their own bed?

    What 20-somethings read newspapers today? A lot of this is because of the WWW, for sure, but how many young NY’ers aren’t educated because the NYT has consistently supported the failed liberal education agenda.

    Criticize home schooling.

    Oppose vouchers.

    Support insane raises for teachers who aren’t teaching, while opposing merit-pay.

    Support the complete abandonment of family values.

    And they’re surprised that nobody is reading their paper? Who’s left to read it?

    MORE ROUGE FOR THE GRAY LADY!

    I love it…

  69. #69
    On October 23rd, 2008 at 8:24 pm, flenser said:

    I hope Rupert Murdoch buys them. That would drive the left CRAZY

    I like it!

  70. #70
    On October 23rd, 2008 at 9:07 pm, torabora said:

    In the early days of our Republic, newspapers were owned by political parties.

    There is nothing new under the sun.

  71. #71
    On October 23rd, 2008 at 9:17 pm, love2rumba said:

    That’s not true. There’s a big difference between a stock’s price being down because of general market conditions and it being down because the company is fundamentally unsound.

    Thank you James Felix

  72. #72
    On October 23rd, 2008 at 9:24 pm, rightisright said:

    On October 23rd, 2008 at 4:45 pm, seveneleventy said:
    Don’t laugh, George Soros may buy it!

    Hasn’t he already?

  73. #73
    On October 23rd, 2008 at 9:52 pm, wayiwalk said:

    i really dislike the times, I hate their elitist attitude, and their demise is well earned. Too bad they helped this country on its way to socialism.

    But I do admit that their website is one of the best newspaper based websites out there - it’s beautifully designed.

  74. #74
    On October 23rd, 2008 at 9:55 pm, calamityville said:

    The ville (in NH) was contacted twice recently by the Boston Globe (owned by the NYT I believe) to subscribe to their rag. Sounds like they are hurting too.

  75. #75
    On October 23rd, 2008 at 10:17 pm, ArizonaNeanderthal said:

    Can we do a smiley or are we grieving?
    :) or :( ?

    The NYT has spent a generation insulting their readers; odd how that works.The Arizona Republic took a hard left a few years ago and is suffering. Oh well.

  76. #76
    On October 23rd, 2008 at 10:33 pm, jangar said:

    Maybe they’ll get an Obamabailout.

  77. #77
    On October 23rd, 2008 at 10:46 pm, FamilyMan said:

    The New York Times said it is looking for ways to reduce its debt, but said it is a difficult time to make asset sales.

    We’re too important as a national asset. We can’t go under/ sarc
    A love the free market

  78. #78
    On October 23rd, 2008 at 11:25 pm, vatodio said:

    How does National Inquirer’s stock compare against NYT?

    After all, they have traded their news focus!

    National Inquirer has been breaking important stories lately, while, NYT has moved towards tabloid type journalism…

  79. #79
    On October 23rd, 2008 at 11:38 pm, CO2 Producer said:

    …while a sad trombone wuh-waah’s far off somewhere…

  80. #80
    On October 24th, 2008 at 3:24 am, St. Louis Blue said:

    Moody’s said it may cut the New York Times from “Baa3,” the lowest investment grade. Downgrades into junk territory can significantly increase a company’s borrowing costs.

    Doesn’t anyone else appreciate la ironía deliciosa? The “baa, baa, baa” (baa³) rating could only be more appropriate if it’s lowered to CA2…wait for it…CACA.

  81. #81
    On October 24th, 2008 at 8:28 am, IndyRich said:

    You mean….their bonds aren’t worth the paper their “news” is printed on?!?

    Hold on, I think a tear is coming to my eye….wait..a..minute…OK, maybe not.

    Oh well!! Maybe I’ll be interested in purchasing a copy of the last issue they print, as a collector’s item.

  82. #82
    On October 24th, 2008 at 10:03 am, Weary Citizen said:

    No worries folks. The dems in congress will either: A) “deem it to big to fail” and bail them out, or B) institute the “fairness doctrine”, thereby eliminating that pesky competition from prospering conservative talk radio, publications, and blogs. Of course what is “fair” will be determined by the gov’t so the NYT will be deemed balanced and fair (along with all the other liberal rags). By the time the dems are done, there will not be any opposing views, so people will have no choice if they wnat to get the news. Nice.

  83. #83
    On October 24th, 2008 at 11:41 am, DBNinKY said:

    The New York Times said it is looking for ways to reduce its debt, but said it is a difficult time to make asset sales.

    The NYT has assets?! With a balance sheet like theirs, I highly doubt it.

  84. #84
    On October 24th, 2008 at 4:13 pm, Henry said:

    My NYT short has yielded almost 9% today…

    Heh heh

  85. #85
    On October 25th, 2008 at 8:14 am, mdt said:

    I subscribe to the weekly edition of Washington Times and it is great!

    Encourage all to do same. It will be sweet irony with NYT going down.

  86. #86
    On October 25th, 2008 at 8:17 am, mdt said:

You must be logged in to post a comment.

The NYTimes-Wikipedia whitewash

June 29, 2009 06:32 AM by Michelle Malkin

42 Comments | 3 Trackbacks

All the news that’s fit to suppress

May 20, 2009 09:24 AM by Michelle Malkin

74 Comments | 23 Trackbacks

The immortal words of NYTimes chief Bill Keller

May 18, 2009 10:58 AM by Michelle Malkin

49 Comments | 16 Trackbacks

ObamACORN and the Fishwrap of Record.

NYT “reporter” Jeff Zeleny: The Perry Como of the press corps

April 29, 2009 10:32 PM by Michelle Malkin

52 Comments | 18 Trackbacks

Drool Bucket Award.

And so, it has come to pass…

March 24, 2009 10:43 PM by Michelle Malkin

105 Comments | 17 Trackbacks

The Fishwrap Rescue and Recovery Act of 2009.

How to be a New York Times conservative

March 12, 2009 09:45 AM by Michelle Malkin

63 Comments | 5 Trackbacks

Obama’s sorry cultists

March 3, 2009 10:22 AM by Michelle Malkin

171 Comments | 30 Trackbacks

Pathos. (Photo credit: Doug Powers)


Categories: New York Times



Pundit & Pundette

» States in dire straits