NYT's Woes Worse Than Expected

The New York Times is considering potential asset sales and is in discussions with lenders as it prepares for one of the “most challenging years” in its history.

Advertising revenue fell sharply at the paper in November, dragged down by weaker spending in the entertainment, property and automotive advertising categories.

As the financial woes of the NYT deepen, the newspaper is considering the possibility of selling off some of its major assets, including but not limited to The Boston Globe and its 17% interest in the Boston Red Sox.

The Financial Times has the complete story.

Payback is Sweet

Payback is sweet. The New York Times is flat broke. The Times had to borrow against its building in Manhattan just to stay afloat.

It's about time. I say, 'Good riddance!'

For all the times that the NYT slanted stories to favor liberals, impugned the integrity of conservatives, engaged in Leftist propaganda, helped Obama cover up his numerous weaknesses and sleazy associations, and generally served as a Pravda for the Left, I say they are getting what's coming to them.

As always, nobody says it quite like Pamela Geller at Atlas Shrugs, who is already celebrating the demise of the Times.