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May 29, 2012

Good News! The Incredible Shrinking New York Times

Once it was a wide-ranging media empire of newspapers and TV stations and websites, and even a baseball team, that was worth almost $7 billion;
today it's essentially two struggling newspapers and a much-reduced web company, all worth less than $1 billion (for comparison, consider that the Internet music company Pandora is valued at almost $2 billion). -- Arthur Sulzberger Jr. and the Demise of Janet Robinson

Posted by gerardvanderleun at May 29, 2012 7:57 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

NYT lost what makes a news organization relevant and profitable: truth. Reflecting the poison-Ivy League Prog beliefs in all they wrote, NYT became irrelevant to all except those who need its pontifications to validate their elitist cocoon. NYT became dangerous when the masses mistook their propaganda and socialist re-education programming for news, truth, honest journalism. Now, not so much.

Posted by: twolaneflash at May 29, 2012 10:21 AM

The business wasn't a newspaper - it was an organization for collecting and disseminating information. I think they forgot that part.

Oh - and the public trust/accuracy part that twolaneflash mentioned.

Posted by: Mikey NTH at May 29, 2012 11:56 AM

The New York Times has a proud and long tradition of lying and promoting communist dictators. They are now suffering the same painful contraction that has afflicted all of the legacy media. Fine. It couldn't happen to a nicer bunch of guys. But don't look back to a mythical past. It never existed.

Posted by: Fat Man at May 29, 2012 2:31 PM

Poor little "Pinche" Sulzberger, I would feel sorry for him if he weren't such an insufferable, northeastern-liberal, elitist prick.

Posted by: JD(not the one with the picture) at May 29, 2012 3:41 PM

The New York Times has a proud and long tradition of lying and promoting communist dictators.

I remember my dad discussing the fighting in the Plain of Jars in Laos (while it was going on) and mentioning that when Souvannavong felt he'd gotten sufficient power, he'd probably stage a coup.

"That's what Communists do."

"How do you know he's a Communist?"

"Because the New York Times keeps saying he isn't."

Posted by: BillT at May 31, 2012 12:30 AM

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