According to the latest rumors swirling around the Big Apple, the New York Times Company is stripping away more assets in an attempt to head off bankruptcy. If they were playing strip poker, you’d say they’re down to their skivvies.
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
This post was last modified on October 18, 2023
View Comments (3)
Things end. Has Anyone ever told the NYT that touting environmentalism might not be the smartest thing to do when you are a newspaper that sells tons of printed paper? - I mean if people really do try to conserve resources won't they stop buying your product?
There are a lot of things that Liberals do - esp. liberal, rich, business people that don't make sense.
That picture of somebody in their skivvies I could have done without; I just ate.
Sorry, but I have to turn caps-lock on for this one. And use ridiculous amounts of exclamation points.
OH NO! WE LISTEN TO 96.3 EVERY TIME WE VISIT JERSEY! I HAD NO IDEA THAT WE WERE SUPPORTING THE NYT!!!!
NEVER AGAIN!
106.7 plays nice lazy beach music if I'm not mistaken. Kiss my rump, nyt.
should we care?