Nice to see the New York Times collapsing under the weight of their pathetic liberalism and the complete abandonment of neutrality, and just another piece of proof that Americans on the whole are sick and tired of the leftward lurch of the news industry and are pulling their billions of dollars away from these rags forcing an industry wide collapse.
It's quite interesting to note that just about anything and everything that relies on the financial support of selfish self centered liberals ultimately collapses, see Air America and the liberal ragsheets across the Newspaper Industry dying off one by one for the proof of that phenomenon.
So finally for the NYT Here's some good news they won't see fit to print: Adios New York Times.
New York Times 2Q profit drops 82 percent:
"NEW YORK (AP) - New York Times Co. says its second-quarter earnings fell 82 percent from the year-ago quarter boosted by a one-time gain. Meanwhile, print advertising revenue continued to shrink.
The New York-based newspaper publisher says its quarterly net income dropped to $21.1 million, or 15 cents per share, which included 11 cents per share in buyout costs.
Analysts polled by Thomson Financial expected income of 22 cents per share in the latest quarter. Analyst estimates typically exclude special items.
Revenue dropped 6 percent to $741.9 million, missing the average Wall Street estimate for $754 million. Ad revenue slipped down 11 percent, hurt mostly by fewer classified ads.
Chief Executive Janet Robinson says business was hurt by the 'U.S. economic slowdown and secular forces playing out across the media industry.'"
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