2007-10-19 07:05:00 · 11 answers · asked by Anonymous in Politics & Government ➔ Politics
The New York Times has downsized their workforce twice in the last 7 years, and that translates to a cut of between 40 and 50%.
The last time they downsized, they cut the size of their paper and masthead, as well, indicating a decline in asset value and a decline in advertising revenues.
This week, one of their major stockholders, Morgan Stanley (a 9% owner), sold everything. The selling of that amount of ownership has a dramatic affect in the price of the stock, so NY Times stock tanked.
This is what happens when America decides it will no longer buy a product. The NY Times can thank their irrational editorial staff for one of the worst business plans in America: Hate America at any cost.
(Morgan Stanley's sell-off may have been a response to the Petreus ad, only a couple weeks between the events.)
The "Old Gray Lady" has become the "Cenile Old Lady".
2007-10-19 07:12:58 · answer #1 · answered by Anonymous · 3⤊ 1⤋
I believe it's their lack of accurate, well-balanced news that may lead to their demise. It isn't just the obvious hatred towards military leaders but rather the overall recognition that it is fast becoming nothing more than a propaganda machine for far left interests.
2007-10-19 14:22:41 · answer #2 · answered by S C 4 · 0⤊ 1⤋
Their revenue is tied to advertising dollars. If advertisers perceive little return for their ads (corresponding to low readership), they will not buy ad space.
This problem has already hit the LA Times.
Then again, newspapers have been on the decline for decades.
I don't know what effect, if any, the NY Times' slant will have in the long term. I don't read it.
2007-10-19 14:15:33 · answer #3 · answered by MoltarRocks 7 · 2⤊ 0⤋
The press used to be the watch dogs of government and the politicians who serve it.
Now they are participants. They no longer have a point.
2007-10-19 14:12:15 · answer #4 · answered by Anonymous · 3⤊ 0⤋
I sure hope so. The media is SUPPOSED to report FACTS in a UNBIASED manner. The NY Times seems unable to perform this simple job.
2007-10-19 14:07:54 · answer #5 · answered by ItsJustMe 7 · 5⤊ 3⤋
of course not. the NY Times is the countries leading newspaper.
2007-10-19 14:08:15 · answer #6 · answered by ? 6 · 2⤊ 4⤋
No--people still need bird cage liners and fish wrap, and there's lots of it in the Times.
2007-10-19 14:08:02 · answer #7 · answered by Anonymous · 3⤊ 2⤋
What? You find newspapers that use words of more than two syllables threatening?
2007-10-19 14:12:57 · answer #8 · answered by Anonymous · 2⤊ 1⤋
1.) No. But advertising costs and newsprint have a direct effect on the news hole and the budget of any newspaper.
2.) Please prove this allegation.
2007-10-19 14:08:22 · answer #9 · answered by Anonymous · 0⤊ 2⤋
No. Because they reflect the view of their readership.
2007-10-19 14:08:48 · answer #10 · answered by dadvice1 5 · 2⤊ 2⤋