Will New York Times Go Bankrupt in 2009

[Primbs]

The New York Times

The New York Times has to repay $400 million in debt in the first half of 2009. It plans to mortgage its headquarters, but what that will bring in an uncertain real estate market is unknown. The firm's 'Boston Globe' and regional newspaper operations lose money, so they will be hard to sell. Another big media operation, perhaps News Corp which owns 'The Wall Street Journal' and 'The New York Post,' will come in and auction off what it can and keep the flagship 'New York Times' newspaper and NYTimes.com website.

http://money.aol.com/investing/companies-who-will-disappear-in-2009?icid=200100397x1215512730x1201021990

[Johnnybags]

ALL newspapers have become rags controlled by the local Chamber of Commerce and political elites. No wonder you hardly ever see a kid reading one. Not worth the paper its printed on. But, it could be deemed a "national security" interest and thus eligible for TARP funds. We will keep it alive somehow at our expense.

[acptulsa]

It would be a wonderful object lesson for all media outlets, would it not? Sell out, go broke. Such marvellous 'benefactors' we have, that can't or won't even keep their tools maintained. Maybe these news corporations will come to realize that the greatest source of long term health is satisfied customers, not satisfied so-called benefactors...

[TruthisTreason]

They'll probably get a bailout.:rolleyes:

[tonesforjonesbones]

I can only pray they do. tones

[heavenlyboy34]

rest in pieces, NYT. :p

[The_Orlonater]

The only sane man in the NYT was Hazlitt, there might have been more, but so long. :D

[Kludge]

I've never read it unless I've forgotten reading an online article.