According to a nearly gleeful report in the New York Post:
NYT Co. May Sell Classical Radio Station
Beethoven and Bach could become the latest victims of the New York Times Co.’s financial crisis. Rumors are raging that top suits have discussed putting classical radio station WQXR (96.3 FM) on the block to shore up the company’s dwindling cash stash.
The Times has already sold off its landmark headquarters building to escape killer mortgage payments. They’re threatening to shutter the Boston Globe because closing it is cheaper than operating it. Their share of the Boston Red Sox is also on the chopping block. And now it looks like classical music may be the latest victim of the Times downturn.
According to a report last week, the company has $1.3 billion in debts and a relatively paltry $36 million in the bank.
You can’t feel too badly for The Times. They sold out to the extreme left many years ago. And now they’re willing to sell out to just about anybody.
Source: New York Post
