Saturday, November 22, 2008

Start your day off right with a New York Times investors digest!

Here's something to start your day off right: all of the news at our beloved New York Times is bad news.

On a day the market surged nearly 500 points (or 6.5%) the Times shed 7.7% of its already dramatically reduced value.

And the five-year NYT stock chart looks like something only a cliff-diver would love.

The Wall Street Journal is aggressively pursuing the Times' advertisers; the Times was forced to reduce its dividend, and the only son of publisher Arthur Sulzberger, Jr. was just recalled from his Portland, OR reporting job.

I give 'em three to six months before we get the inevitable "we're exploring all options" line.

Ahhh... doesn't that feel better?

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