12 Replies to “Not Waiting For The Asteroid”

  1. do ya think that there might be a relationship to the NYT finally writing a non-smear piece (A “sneer free” NYT article on Ayn Rand’s continuing influence on American business leaders.) about anything and their stock price cratering below $20?
    Maybe the tall gray foreheads are figuring out people wan the MSM to report the news, not be the news.
    Then again, other tall gray foreheads gave a 50% discount ad rate to the leftoids at MoveOn to run the Gen. Betray Us ads. Go figure. No political bias there.
    One step forward, 50 backwards.

  2. What is interesting about the stock price is that shareholder equity in the NYT is now around $845 million – which is about the value of their new building. This means that everything inside the building (computers, any printing presses, furniture, and more to the point the *brand name*) is basically worth zero.

  3. There is also the possibility that MYT stock was over priced in the first place and is rationalizing as traders run the real numbers outside the hype of crony brokers.
    If the NYT goes under there will be a flood of neo-com axe-grinders on the pavement…maybe CTV and Mother Corpse will scoop up some of the more virulent ones…they’d fit right in here.

  4. I don’t think their publishing a full page discount priced add, for moveon.org, calling Gen. Petraus – Betrayus, the same day as his testimony to congress, will improve their stock or reputation for balanced coverage.

  5. Old NYT’s banner:
    “The Paper of Record.”
    New NYT’s banner:
    “If it’s news, that’s news to us.”

  6. It has been quite a run — almost 600 years. But it is coming to an end.
    Johannes Gutenberg invented the printing press in 1436. It changed the world.
    Since then, the media has largely controlled world agendas.
    Headlines pronounced what was important(to journalists) in the news.
    The 10 o’clock TV news opens(drum roll) with the most important(to producers) happenning of the day.
    Guest commentators are “selected” for their thoughts (and to reinforce the journo’s take on how we should “think”).
    Over the centuries, many news organizations were simply an arm of political parties.(both left and right) Still are. Governments cannot resist using this powerful “tool”.
    Lately, IMO, the media has largely been taken over by the latte crowd. The so-called intellectuals.(misnomer) They are often good at expressing(talking) themselves in front of an audience. A smooth presentation can cover up sinister motives. They are usually tireless and relentless in their “work place” as they know they are probably not employable otherwise.
    IMO, the so-called left-right split is made up of different positions now.
    A few decades ago ‘left’ was trade unions, factory workers, ect. ‘Right’ was professionals, business, ect.
    Today, I beleive ‘left-wing’ refers to (most, but certainly not all) journalists, professors, teachers, environmentalists, authors, Hollywood, artists, actors, intellectuals(misnomer). Everyone else is so-called ‘right-wing’. (Even the carpenter outside my door, putting a roof over our heads, is now a self employed contractor — and doing very well for himself, thank you very much. And for us, also).
    The so-called ‘left-wing group, even though it is a relatively small percentage of the population, has had a disproportionally high influence over those producing the goods — because of the media monopolizing the business of “information”. Information is power.
    Now, after 571 years, that has all changed. Thank you Albert Gore — for inventing the Internet.
    Seriously, thx to Kate and all the other bloggers (on all sides of an issue). Instead of having to put up with the media ‘dumbing-down’ the news we will ferret out the truth ourselves. Thank you very much.
    NYT stock price;
    Successful investors KNOW that stock prices go up and stock prices go down. However, the key to success is in realizing if the move, either way, is a fundamental shift. It ain’t coming back sorta thing.

  7. Well articulated Ron.
    I like your take on the new left or “Neo-coms” as I refer to them…you will note that the types you enumerate as being on the “left” are all either fully attached to the nanny state’s teat or reliant on nanny’s welfare and patronage largess.
    Teachers and various other snivel servants form the bulk of the new left…all public sector unionists are all reliant on the expansion of state buraucracy.
    In essence anyone who lives off the socialist state’s confiscation of private sector productivity is prone to Neo-Com politics….this includes the corporate media who are(as you say) either the direct propaganda wing of a particular party or who are reliant on the largess of the state for licencing, market protection and ad revenues.
    I think you hit on something that had to be said Ron: Namely, that the left or unproductive/non value added sector of society has called the shots and set the policy agenda for the productive sector of society for far too long….in my estimation this happened after the FDR-New Deal era which ushered in lightweight socialist governing and collectivist economics….this beget the statist kleptocracy and elite Neo-Com governing/policy cabals the private sector productive class have to cope with in the political/media arena today.

  9. Someone ought to call in Patrick Fitzgerald to protect shareholder interests.
    Too bad Conrad Black was hamstrung. I’m sure he could have orchestrated a takeover (and turnaround) with the share price this low.

  11. I see interest rates are falling in the USA. Too many people can’t afford their houses. Will we follow suit.???

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