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Now For Some Good News!

Discussion in 'Off Topic Threads' started by JBrooks, Apr 22, 2009.

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  1. JBrooks

    JBrooks TS Member

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    The sooner the New York Times goes broke, the better off our Country will be.


    "By HOLLY SANDERS WARE

    April 22, 2009

    As The New York Times Co. tries to bask in the glory of having bagged five Pulitzers, the company is facing a cash crunch that could put it on the path toward insolvency.

    According to its first-quarter earnings report, the Times said it had cash and cash equivalents totaling $294 million.

    However, $260 million of that is earmarked to pay off debt that matures in March 2010, effectively leaving the company with $34 million.

    That's a particularly precarious position to be in, given the Gray Lady posted a wider-than-expected, first-quarter loss of $74.5 million amid worsening advertising declines, and is scrambling to raise cash as it labors under a $1.3 billion debt load.

    On top of that, the company finds itself on the hook for a $625 million shortfall in its pension and benefit obligations, and could be forced to spend millions to shore it up starting next year. "
     
  2. Frank C

    Frank C Well-Known Member

    Joined:
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    2,863
    The Boston Globe, OWNED by the Times is also on the verge of going under....
     
  3. halfmile

    halfmile Well-Known Member

    Joined:
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    Location:
    Green Bay Wisconsin
    The sooner the NY times goes down the better off America will be.

    This rag has been a hotbed of lies, distortions, and outright fabrcations doing nothing but advancing liberal causes. It's a slap in the face to anyone who believes in responsible journalism.

    The sooner,the better.

    HM
     
  4. TEXASZEPHYR

    TEXASZEPHYR Member

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    You said liberal? gov liberal? smell a bail-out? Hmmmm.

    Bob
     
  5. TEXASZEPHYR

    TEXASZEPHYR Member

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    You said liberal? gov liberal? smell a bail-out? Hmmmm.

    Bob
     
  6. shooterIII

    shooterIII Member

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    Location:
    MN (state of socialism)
    You can add the Minneapolis Tribune (also known as The Red Star) to that list of going bankrupt. It has a good sports section but otherwise it is nothing more than a socialist rag!
     
  7. hoggy

    hoggy TS Member

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    Newspaper? What's a Newspaper?
     
  8. J.Woolsey

    J.Woolsey Member

    Joined:
    Aug 12, 2007
    Messages:
    930
    Do you really think our Socialist leader would let the #1 Socialist rag go under without first initiating a bailout for them? I forsee more debt for our Great Grandchildren's children. #1 initiative, in 2010 vote the Dem's & Rino's out, effectively nullifying the Socialist power source.
     
  9. GrubbyJack

    GrubbyJack Member

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    Jul 19, 2006
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    527
    CAN YOU SPELL BAIL-OUT..

    Kerry (as in I want to be President) aims to rescue newspapers...Troubled by the possible shuttering of his hometown paper, Sen. John Kerry reached out to the Boston Globe on Tuesday, then called for Senate hearings to address the woes of the nation's print media. ....

    If you print trash (aka horse hocky),,,nobody wants to read a FISH-WRAPER....Grubby
     
  10. len loma

    len loma TS Member

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    Jan 29, 1998
    Messages:
    227
    Goverment bails them out. Obama and chronies have input on content? They strip use of our 2nd amendment rights and take away guns. Didn't Hitler take that path to power?
     
  11. bigdogtx

    bigdogtx Well-Known Member

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    10,650
    You forgot to mention the $5,000,000 salary and options that the editor got,,,,did they forget to "report" that????
     
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