NYT To Shareholders: Drop Dead
By Ed Driscoll · January 31, 2007 08:59 PM
· Oh, That Liberal Media!
Outstanding British blogger Don Surber writes on the New York Times' $648 million loss in the fourth quarter of 2006, and the rapidly shrinking value of its subsidiary paper, the Boston Globe:
If the Sulzberger family had given young Pinch $700 million in dollar bills to burn to his heart’s content over the last 14 years instead of allowing him to by the Boston and Worcester newspapers, the family would be ahead by some $148 million today.Glenn Reynolds declares the situation a hopeless quagmire, and immediately calls for a Pinch of a retreat.
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