Profit Plunge at the New York Times

[...] Originally Posted by progunr ... I think it really upset him to know that much of the leftist media garbage that is trying to sell him to the American public, is NOT being viewed by the troops overseas. ... Did he say all those things? You have a source? We can take some comfort in the fact that leftwing media is getting hurt where it counts: the pocketbook. "Chief Executive Janet Robinson says business was hurt by the "U.S. economic slowdown and secular forces playing out across the media industry." The Associated Press: New York Times 2Q profit drops 82 percent and "The New York Times (NYT) 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. An historic come-down for the newspaper of record, given that in 2003, the stock traded at $45, notes Frazer Rice, a private banker in New York." Profit Plunge at the New York Times at Emac’s Stock Watch | Fox Business [...]

Frazer Rice got it right only the obvious is standing in front of him and everybody else including the NY Times management but everybody appears to be blind. Inform the world - OF ALL THE FACTS NOT JUST THE ONES THE TIMES LIKES. Act as the moral barometer of the nation - IS NOT KNUCKLING UNDER TO RELATIVE MORALITY Turn a profit - HOW WHEN YOU MISSED ON THE TWO ABOVE??? They even overrule the readers' Ombudsman! I only read the comics in my local newspaper (and grab the grocery ads) in these days of biased reporting at least some of the local strips are humorous. What the Times prints or fails to print cannot even pass as a joke! Tucson Don - used to get the paper and read it!

If the Times was less concerned about being "the moral barometer of the nation" and focused more on objective news coverage, it wouldn't be having so many problems. The haughty attitude of knowing more than your readers and having the moral responsibility of having to save them from themselves does not make an endearing statement to many. The Times fully has the ability of being a world leading source of news, but until they take the blinders off and tell like it is, not how they would like it to be, they will continue in a downward spiral. The "barometer" needs to go back to the shop.

if the nyt ran their paper like foxnews, fair and balance, more people might go back and read it. like cnn,,, clinton news network,,, most americans want both sides of the story not what the dnc or move on.org wants us to beleive. what was once a great paper is now at the bottom of the bird cage.

So when will the Democrats put forth a bailout program to save the paper with taxpayer dollars? This paper is simply a Liberal newsletter. God forbid they, or any newspaper, would actually distance themselves from the politicians they cover and actually report the facts of what these politicians are really doing, they might be relevant again. They need to quit reporting on what someone says or intends, and report on actions and results. But that will never happen and they will simply go away. When a paper makes the National Enquirier look like a pillar of journalistic integrity, their days are numbered. I'm not looking for fair and balanced here, just the facts. I'll figure things out from there.

Now maybe that west coast liberal biased rag...the L.A. Times should take heed.

Yeah, F the NYT. They deserve to perish in the flames of capitalism. Carla...I'd definitely cancel. I canceled my subscription to the San Jose Mercury and they aren't nearly as bad. Hopefully, the SF Chronical will be next. All those op-ed writers can kiss my right wing arse.

For certain the Times management needs to be fired and replaced, but if they hire the same types with the same agenda, they will certainly get the same results. This is probably the last chance for the owners to save it. Which is more important to them, profit and respectable journalism, or ideological propaganda? Their actions in the near future will reveal the answer to that question and seal their fate probably for the last time. Partnering with successful companies may keep them operating a while longer, but it will not save the name or reputation of the Times. People have a choice, and an institution can be ruined by foolish people who fail to realize they exist for one reason only: to report the news. Not tell people what to think or who to vote for. Newspapers are not blogs. It's about time they started acting with the professionalism their status and the public demands.

I disagree with the bussiness model, I believe the Times needs to inform the world and needs to to turn a profit but why should a news outlet be required to act as the "Moral Barometer of the Nation". This is the problem with the Times, do not try to tell me what to think. Inform me (even occationally give me your opinion) but allow me to make my own conclutions

Don't just think of cancelling if you subscribe to the NYT rag, CANCEL!

The other lesson is not to rely on spell checkers. The word is buy, not by. Sorry.

Perhaps they are being abandoned by people who suffer from an anti-bias bias. It is a syndrome that is caught from watching network news. The syndrome is characterized by aversion to spin, bias, propaganda and outright falsehoods, whether by commission or omission of pertinent information. A common presentation of this syndrome is puking after reading the paper. People who have this syndrome can get relief by using the rag to wrap garbage. As the geeks say: garbage in, garbage out. The cure is not to by the New York Times.

Better hurry and get this nation socialized where the state will pay the price of the liars to publish the states views. Here comes Nobama, maybe Billary will take over the American version of Pravda.

Lots of angry people in here...

“One, inform the world; two, act as the moral barometer of the nation; three, turn a profit. All three of which are vital legs in the New York Times’ stool. Moral barometer of the nation? You have got to be kidding me. How utterly elitist - but appropriate for this "news"paper. I'll never read a single copy again after they refused to give McCain the same courtesy as they extended to Obama. By this stupidity they have crossed the Rubicon as far as I am concerned.

I would enjoy turning the lights out.

MacDonald's assertion that the Times is the "moral barometer" of this country is absurd. Their editorial page and feature columnists are as biased as you can get. I cancelled their paper two months ago and hope it contributed in some way to their eventual demise. Too bad, their cultural sections are top notch.

Wonderful news, indeed. "Moral barometer of the nation"? What a farce!

The New York Times can only blame itself for the situation in which it finds itself. The paper lost sight of the original role of a newspaper, that is to report "news". It is nothing but a propaganda machine for the democrats and Osamabama. Since senior management, the editors and staff decided to be become a political tool and try to advance its own political agenda, they will die by the same sword they have tried to swing. They have no one to blame but themselves. Good riddance!

Now that I know that the NYT owns About.com I have found my way of not supporting the NYT. No more About.com for me.... bye bye...

That is really toooo bad!!! The poor NY Times, what will they do? Maybe they could lobby Congress for a "Biased Newspaper Supplement & Aid Bill" to help them through this rough ordeal! HA! I think the citizens have spoken and the paper has got to go!

Tell me Fox news has no agenda...and is "Fair and Balanced." All newspapers and news programs have a bias. Informed readers can sift thru the bull and search for the true story. You all are just too "blind" to notice the OBVIOUS right slant of Fox. Whether you lean left or right, at least be honest and acknowledge the obvious. Stop acting like lemmings and "Wake up".

All three legs of the so-called "stool" are damaged or broken. Maybe folks like Hillary, Bill and Ted sat on it way too long. Wadeathink?

"moral barometer of the nation? Well that would be one failure that may have led to it's failure to turn a profit. Glad to see the Times in trouble this nation does not need a moral barometer like it around. Hope its goes the way of the subprime mortgage.

Just 82%? I don't buy that one bit.