Housebreaking the News Media

[GURPS]

Housebreaking the News Media


We all know the media is biased against conservatives. They are, in fact not in the news business, but the news suppression business. They are not reporters; they’re stenographers for the Democratic Party. You know it. I know it. Progressives know it. Trump knows it, and they know it too.

Everyone knows it, but not one Republican politician ever impaled on this bias has simply come out and said it.

TRUMP: The failing New York Times wrote a big, long front-page story yesterday. And it was very much discredited, as you know. It was — it’s a joke.​

Did you hear that? In front of the New York Times and everyone on the planet, the President of the United States said that the supposed gold standard for truth and fairness wrote a story that was discredited. It wasn’t just discredited; it was a joke. And it wasn’t just a joke; it was a joke on the part of the failing New York Times.

Why is this important? Because the New York Times is failing, financially, and the reason they are failing is because that newspaper no longer reports the news; they write op/ed pieces and call it news. By saying the failing New York Times, Trump is essentially saying that the market knows they are liars and people no longer want to buy what they are selling.

[clip]

QUESTION: But aren’t you — aren’t you concerned, sir, that you are undermining the people’s faith in the First Amendment, freedom of the press, the press in this country, when you call stories you don’t like “fake news”? Why not just say it’s a story I don’t like.

TRUMP: I do that.

QUESTION: When you call it “fake news,” you’re undermining confidence in our news media [and that’s] important.​

Donald Trump did not undermine confidence in our news media. The news media undermined our confidence in the news media. For decades they have exaggerated stories that are good for liberals and refused to cover stories that are bad for liberals. Someone is finally calling them on it and we are laughing at them.

 

[tommyjo]

Why is this important? Because the New York Times is failing, financially, and the reason they are failing is because that newspaper no longer reports the news; they write op/ed pieces and call it news. By saying the failing New York Times, Trump is essentially saying that the market knows they are liars and people no longer want to buy what they are selling.

So the NY Times is failing financially?

I suppose that is the reason the company's stock is up 50% from it's 52 week low? http://www.marketwatch.com/investing/stock/NYT/profile

 

[GURPS]

Ah You are Cute ToJAM .... stock value has little to do with the paper's financial status ... may companies are OVERVALUED on their Performance vs stock sale price value


.... how many have been laid off / fired ?



July 2016:

New York Times Co. Reports a Loss, and a Fall in Digital Ad Revenue


Total revenue fell 3 percent, to $373 million from $383 million, in the same quarter a year earlier, as The Times continued to struggle with declining advertising revenue. Total advertising revenue fell about 12 percent, to $131 million. Print advertising revenue slid 14 percent in the quarter, and digital advertising revenue dropped 7 percent, to $45 million. Digital advertising revenue now accounts for more than a third of the company’s total ad revenue.

Oct 2016:


https://www.nytimes.com/2016/10/28/...l-street-journal-bad-news-for-newspapers.html

Earlier this year, The New York Times introduced a newsroomwide strategy review, with the goal of providing something of a guide for how the newsroom should be reshaped for the digital age. Dean Baquet, the executive editor of The Times, is expected to release the resulting report in some form in the coming weeks, and layoffs are expected early next year. About 70 Times employees took buyouts this year, and the company is considering other areas of cost-cutting. The contract for its union employees expired in March, and negotiations are moving slowly. The Times has also announced its intent to make subscriptions the driving source of its revenue, an acknowledgment that newspaper advertising, both print and digital, can no longer be counted on to finance the company’s journalism on its own.

The New York Times Company, which will report its third-quarter earnings on Wednesday, said in August that its print ad revenue had fallen 14 percent in the second quarter. Digital advertising revenue dropped 7 percent.

Can Anyone Save The New York Times from Itself?



The Financial Fragility of The New York Times Company



For the first quarter of 2015, The New York Times Company reported a net loss of $14.4 million. The Times would have been profitable, last quarter, had it not incurred a $40.3 million pension settlement charge. This sizable settlement charge made me curious; so I went to The New York Times Company’s 2014 Annual Report and discovered, on page 10, the following statement: “Our qualified defined benefit pension plans were underfunded by approximately $264 million as of December 28, 2014.” On the same page, it was also mentioned that: “The underfunded status of our pension plans may adversely affect our operations, financial condition and liquidity.” When throwing in the Times’ participation in multiemployer pension plans, which subjects the Times to significant liabilities, then the Times is facing a financial double-whammy of declining print ad revenues and unsustainable pension liabilities.

What prompted me to dig deeper, into The New York Times Company’s pension woes, was a recent article written by Gary North. In this article, Dr. North stated the Times’ loss

…had to do with pensions and falling ad revenue. Pensions are inescapable sources of losses. You do not get rid of these. They just keep adding up. The more people you have on your staff, the more people who will retire, and the more people who retire, the greater are your losses. This is not some one-time write-off. This is a permanent condition. This is terminal cancer.

To be sure, falling ad revenue is a serious issue for the Times. On page 17 of the Times’ March 29, 2015 10-Q, management acknowledged: “We remain in a challenging environment, reflecting an increasingly competitive and fragmented landscape, and visibility remains limited.” Management further stated: “We expect advertising trends to remain challenging and subject to significant month-to-month volatility.” Along these lines, when Jeff Bezos purchased the Washington Post, in 2013, an August 5, 2013 Wall Street Journal article said the following about Bezos’ acquisition:

It comes as many newspapers are struggling to survive. Print newspaper ad revenues fell 55% between 2007 and 2012, according to the Newspaper Association of America, as advertisers and readers have defected to the Web. Some newspapers have been forced to slash costs and in some cases file for bankruptcy. Just three days ago the New York Times Co. sold the Boston Globe for $70 million, having paid $1.1 billion for it in American Contempt for ... Walter E. Williams 1993​

 

[Larry Gude]

So the NY Times is failing financially?

I suppose that is the reason the company's stock is up 50% from it's 52 week low? http://www.marketwatch.com/investing/stock/NYT/profile

Trump has been a good for the 'fake' news folks as they have been for him; yuuuuuggggeee success.

 

[Clem72]

So the NY Times is failing financially?

I suppose that is the reason the company's stock is up 50% from it's 52 week low? http://www.marketwatch.com/investing/stock/NYT/profile

Oh, that's a good one. They went from $50+ a share in the early 2000s to $10 a share, scrapped their way back temporarily to a mighty $15, and are somehow a success? That's like an electrical engineer losing their $100k/yr job, going to work at McDonalds, and finally getting promoted to assistant manager levels of success right there.

 

[Larry Gude]

Oh, that's a good one. They went from $50+ a share in the early 2000s to $10 a share, scrapped their way back temporarily to a mighty $15, and are somehow a success? That's like an electrical engineer losing their $100k/yr job, going to work at McDonalds, and finally getting promoted to assistant manager levels of success right there.

The reality is that the New World Order has devastated print. That they're showing signs of life is probably good but I think they owe Trump as much as he owes them; a lot.

It's cute watching Trump do the good cop/bad cop charade and stir up the mob again. The media is eating up the negative (no such thing) attention and it serves Trump's purposes. Again.

 

[Wishbone]

Oh, that's a good one. They went from $50+ a share in the early 2000s to $10 a share, scrapped their way back temporarily to a mighty $15, and are somehow a success? That's like an electrical engineer losing their $100k/yr job, going to work at McDonalds, and finally getting promoted to assistant manager levels of success right there.

Don't pick on TJ, Assistant Manager of McNuggets and Fries is a big step up for her.