NYT Slashes Dividend
So, how long before the Democrats try to slip their sycophants in the MSM some bailout money?
The New York Times Co. is slashing its quarterly dividend by 74 percent amid a worsening advertising slump, a move that will save the company money but also curtail the income of the Sulzberger family, the controlling shareholders of the storied newspaper publisher.
And check out this disastrous stock chart:
Bleeding cash. Share price falling off a cliff. Big loans coming due with frozen credit markets. It’s not looking good for the Democrats favorite house organ. Maybe they should actually try practicing some journalism to diversify their reader base.
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1 comment
COD for ink and paper!