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One share won't even buy a paper
Topic Started: Feb 18 2009, 12:14 PM (109 Views)
George K
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Finally
The price of one share of the New York Times is $3.77.
The price of the Sunday New York Times is $4.00.

Wow.

Posted Image

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"Now look here, you Baltic gas passer... "
- Mik, 6/14/08


Nothing is as effective as homeopathy.

I'd rather listen to an hour of Abba than an hour of The Beatles.
- Klaus, 4/29/18
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Aqua Letifer
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ZOOOOOM!
I wonder if that's a commentary on the NYT's suckitude or the antiquated nature of newspapers.
I cite irreconcilable differences.
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George K
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Finally
Aqua Letifer
Feb 18 2009, 12:16 PM
I wonder if that's a commentary on the NYT's suckitude or the antiquated nature of newspapers.
Yes.
A guide to GKSR: Click

"Now look here, you Baltic gas passer... "
- Mik, 6/14/08


Nothing is as effective as homeopathy.

I'd rather listen to an hour of Abba than an hour of The Beatles.
- Klaus, 4/29/18
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Mark
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HOLY CARP!!!
LOL!

They are so dead!

Idiots.
___.___
(_]===*
o 0
When I see an adult on a bicycle, I do not despair for the future of the human race. H.G. Wells
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Mark
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HOLY CARP!!!
wondering when they will go begging at the trough.
___.___
(_]===*
o 0
When I see an adult on a bicycle, I do not despair for the future of the human race. H.G. Wells
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Phlebas
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Bull-Carp
Last time I checked, the newsstand price for the Sun. NYT was $4.50.
Random FML: Today, I was fired by my boss in front of my coworkers. It would have been nice if I could have left the building before they started celebrating. FML

The founding of the bulk of the world's nation states post 1914 is based on self-defined nationalisms. The bulk of those national movements involve territory that was ethnically mixed. The foundation of many of those nation states involved population movements in the aftermath. When the only one that is repeatedly held up as unjust and unjustifiable is the Zionist project, the term anti-semitism may very well be appropriate. - P*D


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George K
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Finally
Phlebas
Feb 18 2009, 12:38 PM
Last time I checked, the newsstand price for the Sun. NYT was $4.50.
:doh:
A guide to GKSR: Click

"Now look here, you Baltic gas passer... "
- Mik, 6/14/08


Nothing is as effective as homeopathy.

I'd rather listen to an hour of Abba than an hour of The Beatles.
- Klaus, 4/29/18
Online Profile Quote Post Goto Top
 
Phlebas
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Bull-Carp
http://www.youtube.com/watch?v=qkfS0QbJh24&feature=related
Random FML: Today, I was fired by my boss in front of my coworkers. It would have been nice if I could have left the building before they started celebrating. FML

The founding of the bulk of the world's nation states post 1914 is based on self-defined nationalisms. The bulk of those national movements involve territory that was ethnically mixed. The foundation of many of those nation states involved population movements in the aftermath. When the only one that is repeatedly held up as unjust and unjustifiable is the Zionist project, the term anti-semitism may very well be appropriate. - P*D


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Luke's Dad
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Emperor Pengin
Given M&M's workplace, I've been able to hear and read stories about the "changes" major newspapers are making to improve their standings and revenues. It's pretty laughable. Unless they come around very soon, they are done.
The problem with having an open mind is that people keep trying to put things in it.
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George K
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Finally
Dang...

New York Times Co. suspends dividends to shareholders

By Richard Pérez-Peña
Friday, February 20, 2009
The New York Times Co. suspended dividend payments to shareholders on Thursday for the first time in four decades as a publicly traded company, another in a series of concessions to sharply lower newspaper revenue.

The decision by the board pre-empts a dividend payment that, on the usual schedule, would have been paid later this month. The annualized savings is just $34.5 million, because the dividend was already cut sharply last fall.

"Today's decision provides the company with additional financial flexibility given the current economic environment and the uncertain business outlook," the company chairman, Arthur Sulzberger Jr., said in a statement.

In May 2007, the company raised its quarterly dividend to 23 cents a share, from 17.5 cents. Newspaper advertising had already begun to slump by then, and the decision was second-guessed by some analysts.

The industry's troubles became steadily worse through 2007 and 2008. The Times Co.'s overall revenue last year fell 7.7 percent, and its newspaper ad revenue dropped 14.2 percent.

In November, the company cut the dividend to 6 cents, the lowest it had been since the 1980s.

Cash flow remains positive, but it is shrinking, and the company faces significant debt payments over the next 13 months, so it has taken several steps to raise cash. The company is seeking a sale-leaseback of a portion of its headquarters building, it is trying to sell its investment in the Boston Red Sox and it recently borrowed $250 million from the Mexican billionaire Carlos Slim Helú, an investor in the company.

The company has a two-class stock structure, with the most majority of the super-voting shares held by a trust for Sulzberger's extended family. For members of the family, the dividend has been a major source of income.

The trust released a statement saying, "In light of the economic climate and the challenges facing the media industry, the trustees believe that the board's suspension of the dividend is in the best interests of all shareholders. All of the trustees remain committed to the editorial integrity and independence of The New York Times."

Shares closed Thursday at $3.51, down 20 cents.
A guide to GKSR: Click

"Now look here, you Baltic gas passer... "
- Mik, 6/14/08


Nothing is as effective as homeopathy.

I'd rather listen to an hour of Abba than an hour of The Beatles.
- Klaus, 4/29/18
Online Profile Quote Post Goto Top
 
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