NY Times hurting for money

[Cane Pole]

In 2008 two hedge funds, Harbinger Capital and Firebrand Partners, bought 19% of The Times. On September 10, 2008, it was reported that Mexican Carlos Slim, one of the world's wealthiest men, had acquired a 6.4 percent stake for $120 million. These moves are seen as putting increasing pressure on the company, whose advertising and circulation have faltered recently. In some circles the bold move by Slim, known as a canny investor, is seen as signaling that the company's assets might be undervalued—as some believed Dow Jones' were when Rupert Murdoch acquired it. The downturn in print advertising sales has recently spread to the internet, and some observers speculate that the recent acquisitions of Times Company stock might put increasing pressure on the family to sell, or take the company private to escape Wall Street's unwanted attention.

[LBM]

In 2008 two hedge funds, Harbinger Capital and Firebrand Partners, bought 19% of The Times. On September 10, 2008, it was reported that Mexican Carlos Slim, one of the world's wealthiest men, had acquired a 6.4 percent stake for $120 million. These moves are seen as putting increasing pressure on the company, whose advertising and circulation have faltered recently. In some circles the bold move by Slim, known as a canny investor, is seen as signaling that the company's assets might be undervalued—as some believed Dow Jones' were when Rupert Murdoch acquired it. The downturn in print advertising sales has recently spread to the internet, and some observers speculate that the recent acquisitions of Times Company stock might put increasing pressure on the family to sell, or take the company private to escape Wall Street's unwanted attention.

OMG this is so terrible. The free press in imment demise. The ones that print the all the news fit to print the vangard for protecting us from oppresive tryanical governments. The perveyers of the objective and unbiased news. This just can't happen. Guess they will just have to go stand in line with the banks for government hand outs.

[Slipped Cork]

Most of the papers in this country are failing. The reason is they are all reporting the left side of political things. I might add they are reporting everything positive for the left. I hope they get so low they know what caused this problem,THEM. I wont buy a lexington herald or courier journal paper anymore.

[john h]

and its just as easy and quicker to get news on internet or tv... the newpaper will soon be a thing of the past

[LBM]

and its just as easy and quicker to get news on internet or tv... the newpaper will soon be a thing of the past

Very true. It sure is difficult to give up the newspaper with breakfast ceral. Guess it is comming to a laptop and ceral for breakfast.

The Kansas City Star has always been very useful on election issues or candidates that I might not be that familiar with on helping me to find the correct voting stance to take. Ninety nine point nine percent of the time I find my position the opposite of the paper and when I find myself in agreement with them I re-think my position thoroughly before voting.

[john h]

Very true. It sure is difficult to give up the newspaper with breakfast ceral. Guess it is comming to a laptop and ceral for breakfast.

The Kansas City Star has always been very useful on election issues or candidates that I might not be that familiar with on helping me to find the correct voting stance to take. Ninety nine point nine percent of the time I find my position the opposite of the paper and when I find myself in agreement with them I re-think my position thoroughly before voting.

i prefer the paper with coffee or breakfast but i just see eventually they will get phased out, hopefuly not in my lifetime tho ,, old habits are hard to break.

[Cane Pole]

We dropped the Memphis paper. No reliable carriers. I like my coffee and cherios with the news. Getting so I hate TV news. Just read on line .

Fewer people read these days. It shows in our educational standing vs the rest of the world. Sad.

[popperonahead]

We dropped the Memphis paper. No reliable carriers. I like my coffee and cherios with the news. Getting so I hate TV news. Just read on line .

Fewer people read these days. It shows in our educational standing vs the rest of the world. Sad.

who needs an edumacation? big brother is there to bail us all out with someone elses money. can't wait to get my check.

[Jeepster04]

Cane Pole, if you get the Memphis news, as I do, it's not very informative. Violence, crooked politicians, and murder over and over again!! Memphis is rated #1 in property crime and #2 in violent crimes, only under Detroit. I have lived in Memphis my whole life and can't bear to watch the news anymore. I am sure it reminds you how close you are to the problems as well.