New York Times predicted to go bankrupt within months

[Bill]

Really, they deserve it, for the shameless way they toed the neocon corporate party line during the iraq war and for so many other failures of integrity in journalism.

It will be a blow for american journalism and media - but really, as badly informed and semi-illiterate as americans are already, it won't make any difference.

http://www.theatlantic.com/doc/200901/new-york-times

what if the old media dies much more quickly? What if a hurricane comes along and obliterates the dunes entirely? Specifically, what if TheNew York Times goes out of business—like, this May?

It’s certainly plausible. Earnings reports released by the New York Times Company in October indicate that drastic measures will have to be taken over the next five months or the paper will default on some $400million in debt. With more than $1billion in debt already on the books, only $46million in cash reserves as of October, and no clear way to tap into the capital markets (the company’s debt was recently reduced to junk status), the paper’s future doesn’t look good.

“As part of our analysis of our uses of cash, we are evaluating future financing arrangements,” the Times Company announced blandly in October, referring to the crunch it will face in May. “Based on the conversations we have had with lenders, we expect that we will be able to manage our debt and credit obligations as they mature.” This prompted Henry Blodget, whose Web site, Silicon Alley Insider (http://www.alleyinsider.com/), has offered the smartest ongoing analysis of the company’s travails, to write: “‘We expect that we will be able to manage’? Translation: There’s a possibility that we won’t be able to manage.”

[Moby]

That's one less avenue for Bill Kristol to use but one step closer to Murdoch controlling it all.

[ROdger Right]

As if Murdoch works alone....
Im not going through the archives but they already have it all as you pointed out to me before.
I didnt pay much attention to him but lets start considering America an oligarchy. Theres probably a more suitable term for our controlling powers but I like the term because it hardly gets used.

[Binky]

Oh Oh, I see another hand reaching for a bailout. How could this possibly be, I ask? This is the hey day for bailouts and more on the horizon. :punchballs:

[Mr. Blue]

The form of media is suffering. I asked this question like 2 years ago, how many people still read the newspaper, and most people said they got their news online.

Changing times, but I think it's a scary element to lose printed media. It's very easy to change, alter, and manipulate information online. Read a story online, a week later that story changed, you can't find the original piece, the author edits. Going to the further extreme that misinformation is at a gluttony online, people start believing bloggers with a personal stake in stirring controversy and skewing information.

While I've never been a huge fan of the NY Times, I do care about newspapers going the way of the dinosaur.

[SeniorChief]

Really, they deserve it, for the shameless way they toed the neocon corporate party line during the iraq war....

Pardon me Bill, but are you out of your freaking mind?

The NY Times is one of the most leftist, anti-NEOCON rags in the nation. They love it when America suffers! Fuck 'em. I hope they go under and take all their Commie-loving, Obama-supporting left-wing pinko reporters with 'em!

[Moby]

The form of media is suffering. I asked this question like 2 years ago, how many people still read the newspaper, and most people said they got their news online.

Changing times, but I think it's a scary element to lose printed media. It's very easy to change, alter, and manipulate information online. Read a story online, a week later that story changed, you can't find the original piece, the author edits. Going to the further extreme that misinformation is at a gluttony online, people start believing bloggers with a personal stake in stirring controversy and skewing information.

While I've never been a huge fan of the NY Times, I do care about newspapers going the way of the dinosaur.
The scary thing about online information outside of the changes is that many people don't understand the difference between Pundit sites and news sites which is very similar to TV and radio. How many times have we read articles posted from gateway.pundits.com or newsmax as if they were news sites?

People don't want news any more they only want opinions and it's easy to turn on the TV, radio or point your browser to a site that only offers you one side the coin.

With paper it's much more difficult so it's dangerous to see paper go away.

[Moby]

Pardon me Bill, but are you out of your freaking mind?

The NY Times is one of the most leftist, anti-NEOCON rags in the nation. They love it when America suffers! Fuck 'em. I hope they go under and take all their Commie-loving, Obama-supporting left-wing pinko reporters with 'em!
Then why do they have members of the PNAC writing for them? Check it out for yourself.

Just because Fox News, owned by News Corp which also owns the New York Post calls them leftist doesn't mean that they are. In fact you should question why competitor A would spend so much time and effort bashing competitor B.

[Mr. Blue]

The scary thing about online information outside of the changes is that many people don't understand the difference between Pundit sites and news sites which is very similar to TV and radio. How many times have we read articles posted from gateway.pundits.com or newsmax as if they were news sites?

People don't want news any more they only want opinions and it's easy to turn on the TV, radio or point your browser to a site that only offers you one side the coin.

With paper it's much more difficult so it's dangerous to see paper go away.

I agree, there's also this element of feeding the beast without any counterpoint to the arguments. So, people of like minds will search out information sources that more or less bolster their own beliefs and refutes others.

At least in the past, to some extent, these people were exposed to other side of the issue. Now they may not always agree with the other side, but at least they're exposed to it.

The potential it creates to divide is just amazing to me. Now, tomorrow I could start up a liberal blog or a conservative blog, and within a year I'm guaranteed that people will be quoting that blog as fact, even if I'm just fucking around and skewing information.

[Cat slave]

Pardon me Bill, but are you out of your freaking mind?

The NY Times is one of the most leftist, anti-NEOCON rags in the nation. They love it when America suffers! Fuck 'em. I hope they go under and take all their Commie-loving, Obama-supporting left-wing pinko reporters with 'em!

Ill second that.....say what?????????

[disrupter]

The New York Times, while well less than perfect is way above average in US media.

The plastic slap-happy air-heads on local & network news is an insult & waste of time to any thinking person.

I would miss the NYTimes if they went.

[SeedyROM]

Screw them all, bankrupt and off to the card board boxes for the bastards. No bailout for the treasonist biased degenerate bastards. Death to the Times, Death to the Times..............Hooray!!!!!!