New York Times loses $40million in 2011. “The company’s loss was blamed on the terminal decline in print advertising.” Not to mention the terminal decline in the quality of their “product”. Maybe Obama can give them a subsidy to make solar panels – they already seem to have the necessary skills (i.e. the ability to blow enormous amounts of money quickly.)
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Happy belated New Year NYT. And may 2012 see you enjoy all the success of last year and then some.
Frankly I am disappointed. Only $40 million. I'd rather $400 million or more.
I hope they can live up to their true liberal business potential and loose at least double that this year. Can't wait till the plug gets pulled and they go down the drain.
I tried to subscribe to The Times. They took the order charged my accountm, then never sent me the first copy. I eventually got my money returned but if this is how they treat their customers, combined with the worthlessness of the paper, no wonder they are losing money.
May 2012 be equally profitable for them.
The best news of the day. NYT GFY.
Hopefully, the "Grey Lady" will soon be the "Grey Ghost", right now it's just expensive fish wrap. The NYT keeps losing money because most people understand it's a paper and ink version of MSNBC, not worth reading if you're looking for serious, objective news and analysis.
Happiness is Krugman, MoDo and Friedman on the unemployment line.
There you go again. It is now considered cruelty to fish to wrap them in the NY Times, so stop suggesting it.
Only losing 40 million is a positive in the liberal view of the marketplace
Very expensive catbox liner.