December 31, 2008

NYT Continues Selling Assets to Make Up for Losses in Main Business; Now for Sale -- Their Stake in the Boston Red Sox
— Ace

Selling out.

Doesn't it make more sense to keep the valuable real estate and profitable shares in sports franchises and sell the thing that's actually losing money, i.e., the frickin' newspaper itself?

But that would mean that "Pinch" would have to seek a job from employers who are not blood relatives. And I think we know how that would go.

Posted by: Ace at 12:13 PM | Comments (60)
Post contains 106 words, total size 1 kb.

1 "Assets" have to have value. Selling the NYT doesn't qualify

Posted by: Frank G at December 31, 2008 12:16 PM (P0rQD)

2 Pinchy going down in flames is a nice plus for an otherwise soon-to-be craptacular 2009.

Posted by: jjshaka at December 31, 2008 12:18 PM (0R6u8)

3 Its either that or having to give it to Vicky Iseman.

Posted by: blogRot at December 31, 2008 12:21 PM (EKMxC)

4 Their business model seems to qualify them for a ginormous bailout , all things being equal and stuff .

Posted by: Bill D. Cat at December 31, 2008 12:24 PM (d0YiG)

5 Ok, youse guys, let's us buy the paper!  I figger it'll cost about a buck-ninety ($1.90) by January 12.  Who's with me?  'Cause it would make my cold dark heart race with joy to fire Pinch what-are-your-SATs? Sulzberger.

Posted by: ushie at December 31, 2008 12:24 PM (8nB5X)

6 I only read the Times for the funny pages.

Posted by: Dennis the Menace at December 31, 2008 12:26 PM (85jeW)

7 Time for a real job Schmaltzfucker.

Posted by: mossback at December 31, 2008 12:26 PM (in8Vs)

8

Proves again that a Liberal Captain can sink any ship at all.  What's next?  Makes one wonder about when Obama, Barney Frank & crewe take the helm.  Me, I'm fasting until they wise up ... perhaps I'll become a martyr.

(Sura 2:29)

Posted by: 7HEAVENS at December 31, 2008 12:29 PM (F+W/s)

9 These assholes never did deserve a piece of the Red Sox. 

Posted by: CB at December 31, 2008 12:30 PM (9Wv2j)

10 First the Sox, then the Globe. BWAHAHAHAHAHA!

Posted by: eman at December 31, 2008 12:36 PM (9jESx)

11 HA....$75,000,000 in 2002, if they get half that they'll be lucky.   I read a good article a few days ago on how the families with a controlling share are ignoring their impending doom because they keep getting whopping dividends every year (something like $25 million) and are fat, dumb and happy as long that continues. 

The problem is that the Times organization can't continue to do so much longer, and once the fat dividends end there WILL be a rebellion amongst the families.  Maybe at that point whomever is the captain of the ship will actually run it to be profitable rather than a news-gateway for liberals. 

Posted by: Ken at December 31, 2008 12:41 PM (2mbxe)

12 Actually, they cut the dividend last month to six cents from 23 cents per share. No revolt from the kids yet.

Posted by: Oschisms at December 31, 2008 12:51 PM (l+mzU)

13 I can haz brainz?

Posted by: Pinch at December 31, 2008 12:56 PM (ZNbkm)

14

I only read the Times for the funny pages.
You only read the editorials, Dennis?

Posted by: andycanuck at December 31, 2008 12:59 PM (55TIb)

15

This is perhaps related to the thread topic by maybe a 1% relationship, but I don't know where else to post this...

The fanblog "Was Watching" (put up by Yankees fan Steve Lombardi) has been hacked by Islamic hackers.

It's hardly a political site, so I have no idea why they did this, but there it is.

Just Google "Was Watching", and the 1st two links lead to the site (and no, I don't know Steve, and I'm not trolling for hits).

The 2nd link gives you one example post called "No Pressure, Joba, Really". If you want to see the hacking, click the "Home" link on that page, or just go to the 1st Google link.

Maybe they just hate the Yankees as well as the Israelis.

I dunno.

Posted by: Evan3457 at December 31, 2008 01:03 PM (PtbIm)

16 Pinch find a job?  A "real" job for the 1st time in his silver-spoon life?  Hahahahaha!!

Posted by: GarandFan at December 31, 2008 01:08 PM (237hA)

17 Nothing like selling everything in a down market.  THAT is the essence of sound management!

First, degrade the asset, then impair it with a screwy preferred shareholder structure and finally, have the fire sale.  I tried and tried over the years to read that POS, but just couldn't bring myself to do it.  So it went straight to the puppy's housetraining efforts.  He couldn't read it, either.

Posted by: DaveyNC at December 31, 2008 01:10 PM (BMUay)

18 Since Gabriel is our resident lawyer-moron, could he gives us the possibility of Vicky Iseman enjoining the sale of the BoSox until her suit is settled?

Posted by: David in San Diego at December 31, 2008 01:10 PM (GF+6V)

19 Sort of odd, anyway, for the NYT to have been promoting the Boston Red Socks as an investment instead of a NYC team.

Posted by: maverick muse at December 31, 2008 01:19 PM (F1b/5)

20 The NYT sees itself as cosmopolitan - the idea of boosting New York, especially for something as blue collar as a sports team, would be beneath them.

Within New York City itself, both the New York Post and NY Daily News actually have a larger circulation than the NY Times.

Posted by: AD at December 31, 2008 01:28 PM (8BgQw)

21

Once they shutter The Grey Lady, I hear Hamas is offering to put em' up rent free. Unfortunately thanks to the Joo's it'll have to be in a camel stable for right now.

Posted by: Blazer at December 31, 2008 01:30 PM (9XXMp)

22 And Happy New Year, fellow Morons!

Posted by: David in San Diego at December 31, 2008 01:40 PM (GF+6V)

23 The NYT will soon be including a share of stock with the weekend edition, " I love to tear it apart and ...", after that stunt I 'm not sure where they will go but perhaps a free subscription with porno links is next, and aliens on the cover..

Posted by: NortonPete at December 31, 2008 01:40 PM (fVuwW)

24 Ace, Ace, Ace; C'mon now, they're just focusing on  their core competencies.

Unfortunately for them, the core competency of being a left-wing propaganda rag is not a money-making proposition.

Posted by: Lt. York at December 31, 2008 01:53 PM (u3pgy)

25 Now this is the way to end a year!

Posted by: alexthechick at December 31, 2008 01:54 PM (xUOXi)

26

O/T, sorry...

Congrats, Ace, on making Finalist for Best Conservative Blog at 2008 Weblog Awards!!

--C

Posted by: C in Az at December 31, 2008 01:56 PM (R71L5)

27

 

Tarantino explains why Top Gun is the gayest movie ever. 

H/T:  The Corner

Posted by: Andrew Sullivan at December 31, 2008 01:56 PM (+GRGs)

28 Because of the Times's feudal-era ownership structure, the only opinions that matter are those of Pinch and his Lovecraftian family.  They're perfectly content to loot the corporation and print their own opinions as news.  The ordinary common stockholders can go fuck themselves as far as the Sulzberger/Ochs family are concerned.

Posted by: Trimegistus at December 31, 2008 01:58 PM (lhQzd)

29 May they all rot in hell.  The MSM elected Obama because of people too stupid to make up their own mind.  I would love to see the whole thing closed down and believe I will see that in my lifetime!

Angry White Dude

Posted by: Angry White Dude at December 31, 2008 02:18 PM (3npvx)

30

I'd love to have enough surplus cash laying around to be able to buy the NYT, and close the damn thing. 

The last issue ever would be a multiple-pages apology to the American people for all the anti-American crap the NYT has printed over the years.  That would be certain to cause more than a few moonbat heads to explode.

Posted by: Fernandozer at December 31, 2008 02:19 PM (uHvsp)

31

NEW YORK (Reuters) - Connecticut lawmaker Frank Nicastro sees saving the local newspaper as his duty. But others think he and his colleagues are setting a worrisome precedent for government involvement in the U.S. press.

Nicastro represents Connecticut's 79th assembly district, which includes Bristol, a city of about 61,000 people outside Hartford, the state capital. Its paper, The Bristol Press, may fold within days, along with The Herald in nearby New Britain.

That is because publisher Journal Register, in danger of being crushed under hundreds of millions of dollars of debt, says it cannot afford to keep them open anymore.

Nicastro and fellow legislators want the papers to survive, and petitioned the state government to do something about it. "The media is a vitally important part of America," he said, particularly local papers that cover news ignored by big papers and television and radio stations.

Many media experts predict that 2009 will be the year that newspapers of all sizes will falter and die, a threat long predicted but rarely taken seriously until the credit crunch blossomed into a full-fledged financial meltdown.

Posted by: TheQuietMan at December 31, 2008 02:25 PM (J/1XI)

32

This is perhaps related to the thread topic by maybe a 1% relationship, but I don't know where else to post this...

The fanblog "Was Watching" (put up by Yankees fan Steve Lombardi) has been hacked by Islamic hackers.

It's hardly a political site, so I have no idea why they did this, but there it is.

Hatred of the Yankees transcends religious differences.  And rightly so.

Posted by: Hollowpoint at December 31, 2008 02:28 PM (plsiE)

33 I hope Santa left an Obama dope-on-a-rope in Pinch's stocking this year-- he'll need it for flop sweat.

Posted by: PA Cat at December 31, 2008 02:31 PM (6ZyyZ)

34

"...could he gives us the possibility of Vicky Iseman enjoining the sale of the BoSox until her suit is settled?"

You'd need a pre-judgment writ of attachment, which is extremely hard to get.  No way would a court grant one in this case.

Posted by: Sobek at December 31, 2008 02:39 PM (UefZl)

35 Aww, the NYT is sinking fast, and from all angles. I think i'm gonna cry...from laughter! The bloodletting won't stop until that piece of shit is out of business. Couldn't have happened to a more deserving newspaper. This calls for a round of drinks! No need for narccist elect to bail them out, there are still plenty of propaganda media to cover and whitewash without them

Posted by: they deserve it at December 31, 2008 02:43 PM (lFi0+)

36 "Why, when I was a kid we used to have all of our info, printed, and thrown on your doorstep......want ads, cartoons, and left-wing tripe, what ever you needed, all rolled up for you to read"..."Boys were the primary source of final delivery...hence the term paperboy". ..."What the fuck are you little punks laughing at???,,,no, this wasn't around the time when it was fashionable to tie an Onion on your belt and walk over to Shelbyville..."

Posted by: hutch1200 at December 31, 2008 02:47 PM (aowoN)

37

sorry to go off topic, but how 'bout a Gaza thread?

i'm hoping the current Isreali Administration has the stones to really do something this time... i recommend bulldozing the entire population of Gaza into the sea.... is that too harsh?

Posted by: shoey at December 31, 2008 02:47 PM (RxUMK)

38 "Yeah kids, real fucking Newspapers.....and yes we used to print the whole phonebook out too"!!!...What are you litlle fucking punks laughing at?"..."Yes, it was paper and ink, you rotten little bastatrds".

Posted by: hutch1200 at December 31, 2008 02:50 PM (aowoN)

39

I suspect that Pinch's idea is to ditch valuable assets to pay debt and then go private.  The company has a lot of assets off the book and written off.  Going private really only fucks the stupid assholes who bought their stock.  The more Pitch and company can run down the obvious assets, the less they will have to pay to buy out everyone else.

Bernie Madoff, or Pinch, same tribe.

Kemp

Posted by: kempermanx at December 31, 2008 02:55 PM (2+9Yx)

40

What is important to these cocksuckers is keeping the ability to brainwash people...

They give away a shit load of papers to little interlligent soft minds in Universities from coast to coast in the hopes of keeping their brand of asshole fuckhead ignorant liberalism alive.

They will keep giving stacks of that free shit away in defiance of reality as long as they can.

After all, modern liberalism is defined by a repelling of reality and the wheezily fanning of the flames of the big Lie.

Got to keep the kids thinking they are very smart, so so so smart.

Posted by: Senator, Advisor Rev. Dr. E. Buzz Miller at December 31, 2008 03:00 PM (gbI5Z)

41 Inch by inch, one tiny amputation at a time... Heightens the pleasure, don't you think, Clarice?

Posted by: richard mcenroe at December 31, 2008 03:07 PM (LjaE8)

42 Tears. I want bitch tears from "El Pinche' ", before this is over!

Posted by: hutch1200 at December 31, 2008 03:08 PM (aowoN)

43 That would be an interesting settlement offer from Ms Iseman's attorney - "$27M or you can just give us the paper."

I don't think any Sulzbugger actually HAS to work for a living.  It's a vanity project at this point, kinda like Ted Turner raising beefalo or whatever he does these days.


Posted by: mrkwong at December 31, 2008 03:14 PM (G8Eo0)

44 "The more Pitch and company can run down the obvious assets, the less they will have to pay to buy out everyone else." Yep, sounds about right. NYTimes becomes the world's biggest blog.

Posted by: Vercingetorix at December 31, 2008 03:20 PM (mvJfd)

45 my momma had a saying about people like him....

Posted by: Forest Gump at December 31, 2008 03:33 PM (RxUMK)

46 Yes, shoey, that is too harsh.  A steamroller would be much more humane.  And don't forget to file all the appropriate environmental impact statements.

Posted by: Mrs. Peel at December 31, 2008 04:15 PM (1C1Sl)

47 The NEW YORK SLIMES going the way of the dinasour GOOD RIDENCE TO BAD RUBISH

Posted by: Spurwing Plover at December 31, 2008 04:22 PM (8t/JR)

48 Long live the New York Post!

Happy New Year fellow morons!

Posted by: MrsPaulsFishSticks at December 31, 2008 04:36 PM (PBGAP)

49

“If you don’t read the newspaper, you are uninformed. If you do read the newspaper New York Times, you are horribly misinformed." 

Apologies to Mark Twain for butchering his quote.

 

Faster, Pinky... faster!!!

Posted by: FrankReality at December 31, 2008 04:43 PM (t5/IN)

50 I would greatly appreciate a blog that maintained a list of key advertisers for MSM, a nice RSS feed to my cell phone to help me when shopping.  I just don't have the time.

Posted by: Jean at December 31, 2008 04:49 PM (xCBQ4)

51 Can we focus on the real news - Will any of this stop him from fucking Caroline Kennedy?

Posted by: Ted K. at December 31, 2008 05:46 PM (y8kiJ)

52 Scary thought....What will happen if they are not left to die a natural death?...I mean bailout, Soros buyout etc....

Posted by: hutch1200 at December 31, 2008 05:52 PM (aowoN)

53 I'm sitting here, at midnight, it's January 1st, and I'm just wondering if this little tidbit means my hometown paper,a rag bought by the NYT about the late 70's or so, will be sold or just go out of business. Or will it spin off and slowly die a lingering death?
Since they, the paper,hate everything good in my town, most locals, myself included, hate them and the fact that 'our local paper' only seem to endorse the freakish shit that oozes in from places like Charlotte and Atlanta and Asheville,NC, known locally as Assville for its kinship to SF, Hanoi on the Bay. But  will they simply cease to exist? Dare I hope? I'd love to see a more balanced, locally grown conservative paper sprout up in the place of this miserable scandal sheet/litter-pan liner.
God, I hate my local paper and the entire NYT syndicate. Seriously.

Posted by: Enter sandman at December 31, 2008 07:16 PM (zxaA2)

54

Give anyone who subscribes to the Slimes a quiz

1. Who is Blagojovich 2. Who is Rezko 3. Who is Trigg

If they can only answer (3)

NO BAILOUT FOR YOU! NEXT!!!

 

 

 

Posted by: kbdabear at December 31, 2008 10:15 PM (4gHqM)

55 1. Who is Blagojovich:  He plays centre for The Rangers.

 2. Who is Rezko:  The company that sells all that neat food processing stuff on T.V.

 3. Who is Trigg:  Easy,..... Sarah Palins grandson.


You know it would go down just like that too.

Posted by: Blazer at December 31, 2008 11:14 PM (+FzLa)

56 The New York Times owns part of the Boston Red Sox and no one in NY has had a problem with this?

I couldn't see the Washington Post owning part of the Dallas Cowboys without catching a lot of hell in DC.

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