I was irritated and cranky this morning. But I feel a bit better after doing my work is done I’ll wander web a bit browsing: The NY Times share values hit a low since 1991 today:
Awesome toboggan ride, terrible management
A debt to cash ratio almost “sub-prime”:
At the end of the quarter, the company had $46 million in cash and about $1.1 billion in debt.
And how about this jewel of good news:
September revenue fell 8 percent, and news media group ad revenue dropped 14 percent. Digital ad revenue also is slowing because of a decline in display advertising.
Take heart, Times management is on the case:
The Times said it has "little visibility" on how ad revenue will be in the fourth quarter, but said the October declines were similar to those in September.
It couldn’t happen to a worse bunch of fellows.
November 28th, 2011 at 10:15 am
What superb analysis! No idea how you wrote this text..it’d take me days. Well worth it though, I’d suspect. Have you considered selling ads on your blog?