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How The Mighty Have Fallen
Jed Babbin writes about the financial and ethical meltdown of the New York Times.
One wonders how long the stockholders (including the other Sulzbergers) will continue to put up with Pinch's blinkered incompetence? It's going to take a lot of work to restore the brand, at this point.
Posted by Rand Simberg at July 13, 2006 09:37 AM
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It's going to take a lot of work to restore the brand, at this point.
It might make more sense to sell it to the National Enquirer and start over from scratch. Although the Enquirer may not want to take the credibility hit of adding the NYT to their line.
So, maybe Weekly World News.
Posted by McGehee at July 13, 2006 11:29 AM
It's not just questionable political judgement and bias; pin at least some credit on the decision to move to TimesSelect as a reason for the plummetting stock prices.
Posted by Leland at July 13, 2006 12:36 PM
"Financial meltdown" I'll agree with. Couldn't happen to a more deserving bunch.
But "ethical meltdown" implies they once had ethics to melt down from - and they don't.
See Walter Duranty, etc.
Posted by Barbara Skolaut at July 13, 2006 01:16 PM
Hearing a journalist talk about ethics is like listening to a prostitute talking about chastity.
Posted by Larry J at July 13, 2006 05:02 PM
What I don't understand is why those traitors aren't sent to Gitmo and worked over until they reveal who is leaking classified information. They're clearly endangering national security and we should treat them like any other terrorist--hold them underwater until their lungs are ready to burst and they're willing to talk.
Of course, it's clear that Bush is going soft in the war on terror. The White House is actually going to apply the Geneva Convention to Guantanamo, which is playing into the terrorist's hands. So I don't expect Bush to do what is needed--torturing these traitors until they give up the goods. We need a president who has the guts to make the tough calls, not go all wussy just because of a Supreme Court decision.
Posted by Doug Eidos at July 13, 2006 07:13 PM
Isn't every print publication going bankrupt?
It's not just questionable political judgement and bias; pin at least some credit on the decision to move to TimesSelect as a reason for the plummetting stock prices.
Yes, say goodbye to all your ad revenue.
Posted by Chris Mann at July 14, 2006 06:31 AM
The New York Times company has lost about 40% of its share price in the last five years. So has the Wall Street Journal's parent company. If the first is financial meltdown, what is the second, and what should it be blamed on?
Posted by Will McLean at July 14, 2006 01:12 PM
Read this.
Posted by Nail in coffin at July 14, 2006 03:30 PM
Why are you guys obsessed with stock prices? You realize that the Times is staffed by traitors to America, right? Losing their 401Ks is not sufficient for me. I want them to feel real pain, preferably at the hands of a US soldier with a pair of pliers and a blowtorch.
Posted by Doug Eidos at July 14, 2006 04:14 PM
"Financial meltdown", couldn't happen to a more deserving bunch.
Posted by Brown at July 30, 2006 05:30 AM
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