Saturday, March 10, 2012

News From the Other Universe

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.

13 comments:

Another Kiwi said...

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.

ifthethunderdontgetya™³²®© said...

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.
~

ifthethunderdontgetya™³²®© said...

Loink.
~

mikey said...

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...

zombie rotten mcdonald said...

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.

wiley said...

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.

wiley said...

subscriptions. I'd have a hard time convincing anyone that that wasn't a Freudian (shaking fist at Freud) slip.

Substance McGravitas said...

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.

Another Kiwi said...

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.

Substance McGravitas said...

Due to the Moibus-ness of the universe

That should be over with now.

Rachel said...

But really, "we've only just begun."

Rachel said...

referencing the mobius strip
( http://en.wikipedia.org/wiki/M%C3%B6bius_strip )
incorrectly, thinking it infinite somehow! so solly

Substance McGravitas said...

Don't worry about it!