Thursday, November 20, 2008

UPDATE 1-New York Times cuts dividend, 'reevaluates' assets | Deals | Mergers & Acquisitions | Reuters

"The company is under increasing pressure from declining advertising revenue and circulation as more people get their news online. It also is under pressure from Rupert Murdoch, whose News Corp (NWSa.N: Quote, Profile, Research, Stock Buzz) international media conglomerate bought The Wall Street Journal with a mission of knocking the Times off its perch as the U.S. newspaper of record."

Better than the story are the comments, sampled:

In what may be the most difficult year in the past 50 or so, the one bright shining light may be the demise of the New York Times. Let's just all hope this worthless rag goes under, wipes out the family financially, and leaves the sarcastic, miserable Maureen Dowd looking for some two bit blog to spew her liberal trash. A fitting end to a piece of garbage.

Cancelled our subscription after 20 years due to the over-the-top bias in this election cycle. Happy to have done our part in bringing the NYT to heel!

What!? You mean people aren't willing to pay for the exact same liberal bias they get bombarded with everywhere for free? Astounding![On the green side think of all the trees saved and the tons of CO2 not dumped into the atmosphere when the NYT presses finally grind to a halt.]

I couldn't have said it better.

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