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April 22, 2009

Gray Lady Death Rattle

Posted by Dave Blount at April 22, 2009 8:45 AM

It's always a pleasure to report good news:

The New York Times Company said in its 2009 First-Quarter conference call that total revenue had declined 18.6 percent. The company's debt at the end of the quarter totaled $1.3 billion.

According to the Times Company's press release this morning, the company suffered an "operating loss of $61.6 million compared with operating profit of $6.2 million in the first quarter of 2008."

Now for the cloud inside the silver lining: As the flagship publication of the liberal elite media establishment, the New York Slimes was instrumental in putting our current rulers in power. Don't be surprised if they return the favor by propping up this loathsome rag with our money.

On a tip from cowlove.

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