Tuesday, January 24, 2006

N.Y. Times Earnings Plunge

The Times couldn't be losing their financial ass because they insult half the American market with their leftist rants, could it? Pretending their biased "news" is real news surely shouldn't hurt their botton line. Nah, millions enjoy having their beliefs ridiculed and dismissed in the front page of the largest US newspaper. Sure.

NEW YORK - The New York Times Co. said Tuesday its fourth-quarter earnings fell 41 percent from the same period a year ago, .........

And you just gotta love the solution to their fiscal woes:
The Times also said it would raise home delivery rates by 4 percent effective Feb. 6, resulting in new revenues of up to $8 million this year. In the fourth quarter of 2005, revenues from circulation fell 2.3 percent.

Isn't this a bit like their regular mantra of raising taxes?? Whether it's the paper in need of more money, or the government, the solution always seems the same for the socialists: just stick their collective hands into someone else's pocket. Sure smells the same.

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