The New York Times stock hit another 52-week low yesterday, at $19.92 per share.
Remember the other day when I said I thought somebody knew something? Well, bad news for the Old Grey Hag was a-com'n.
New York Times Co. reports weak ad sales
Revenue at the publisher's News Media Group dropped 4.6% from the same month a year ago, to $121.5 million. Classified revenue, traditionally considered the most vital component of newspaper advertising, plunged 20% on weakness in real estate, help-wanted and automotive ads.
Yes, you read that right, classified revenue is down 20% for the rag that prints all the junk they feel like making up to shill for the left.
I'm crying my eyes out.
Makes you wonder why they're giving such steep family discounts to Clinton frontgroups.
No comments:
Post a Comment