Hold on to your hats:
Yes friends, The New York Times is owned and operated by rich people, a strange thing given its distribution network via local Socialist Workers Party gatherings.
Saturday, March 10, 2012
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13 comments:
It's 1,710 times what I got when I got canned by the university and I thought that was a heck offa lot of money. Rather have the job still, of course, but 24 mill means that you don't really have to go to work again, doesn't it? It's about 500 years of my then wages.
Here's another description:
Total revenue fell 2.8% to $643 million for the quarter. The results were the first reported by Times Co. since former chief executive Janet Robinson was forced out last December. Times Co. chairman and interim chief executive Arthur Sulzberger said in the earnings call that the search for Ms. Robinson's replacement is in its "early stages,"...
I guess she was Pinched.
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Loink.
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Actually, without classifieds and with print ad prices plummeting like Isoroku's Betty, a year-on-year decline in revenues of less than three percent doesn't sound particularly terrible. You should be able to make up half of that in reduced circulation costs...
So, to date, exactly ZERO companies have been able to find an online media distribution profit arrangement, other than Apple and porn sites.
No wonder they want to shut down the Internet.
I subscribed to the Oregonian recently, thinking I might enjoy reading a newspaper. I was wrong and need to cancel it. It was only enjoyable because I was locked in a loony bin without a computer. It is a good paper with well written articles and good editing, but it's just paper when I have internet access.
Eventually, if we want news, I'm guessing we'll all have to buy online prescriptions. Hopefully that would lead to the kind of competition that would encourage some serious journalism so that instead of giving 24 million dollar parachutes, papers would have to spend money on some investigative journalists.
subscriptions. I'd have a hard time convincing anyone that that wasn't a Freudian (shaking fist at Freud) slip.
Papers now feel like garbage to me. They're just alien items that become a chore when you're done with them.
Those countries blessed with public broadcasting networks may still produce news. The federal budget hasn't come down here yet, so we'll see if the Tories abolish the CBC.
Due to the Moibus-ness of the universe (thankyou internet) I did a survey for the local fishwrap today. I might win a $50 shopping voucher, so there's that. But, anyway, how many different ways to say "I dunno" can you think of. I thought of very many.
Due to the Moibus-ness of the universe
That should be over with now.
But really, "we've only just begun."
referencing the mobius strip
( http://en.wikipedia.org/wiki/M%C3%B6bius_strip )
incorrectly, thinking it infinite somehow! so solly
Don't worry about it!
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