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September 14, 2007
Shady Gray Lady's Stock Falls Below $20
Have your hankies handy — here's some heartbreaking news. American Thinker reports:
Shares in the New York Times Company fell below the psychologically important $20 mark today, closing down 38 cents, at 19.86, a level it hadn't seen since February, 1997. This represents a 60%+ loss in shareholder value since the peak in 2002.
It's not surprising that PBS and NPR rely on public money to stay afloat, GreenStone radio sank like a rock, and Err America has never done anything but flounder, no matter how much it steals from charity. The market for liberal propaganda is flooded, and the farther publisher Pinch Sulzberger steers toward the lunatic left, the fewer people will have any use for the New York Times.
On a tip from Sam Houston.
Posted by Van Helsing at September 14, 2007 4:02 PM
Comments
Maybe the NYT should quit giving their buddies a 65% discount on libelous political ads.
Posted by: forest at September 14, 2007 4:32 PM
At this rate, it won' be long before the stock price will be less than the price of a copy of the newspaper.
Posted by: James F McEnanly at September 14, 2007 7:38 PM
Good.
Posted by: Kevin at September 14, 2007 8:52 PM
Glad I don't have any NYT stock! Couldn't happen to nicer folks (buh-bye!).
Posted by: jc14 at September 16, 2007 5:41 PM
More good news:
"Pinch Sulzberger's Achilles Heel: The Bondholders"
http://www.americanthinker.com/2007/09/pinch_sulzbergers_achilles_hee.html
Posted by: Byron at September 17, 2007 8:42 AM
