In case Romney’s steady climb in the polls hasn’t put a spring in your step, here’s more good news — the New York Times, arguably the most profoundly loathsome institution in America — is lurching into the tar pits like a geriatric dinosaur:
The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 12 percent. …
Adjusting for severance costs and other special items, the company reported a quarterly loss of 1 cent per share, well below expectations of earnings of 8 cents per share. …
Print ad revenue, coming primarily from its namesake newspaper and the Boston Globe, dropped almost 11 percent from a year earlier – an even steeper decline from the previous quarter.
Digital ad revenue, which has been a bright spot for the company, fell 2.2 percent.
It has all been sliding downhill for the moonbat establishment’s flagship publication.
Once a sprawling media conglomerate, The New York Times has tightened its focus and shed assets. Over the past year, it sold a group of newspapers in the U.S. Southeast and in California, digital property About Group and stakes in sports ventures including the Boston Red Sox and Liverpool Soccer Club.
It is now down to a handful of newspapers, including its flagship, the Boston Globe, the Worcester Telegram & Gazette and the International Herald Tribune.
The Slimes had better not go completely under; the jabbering apparatchiks at the alphabet networks rely on it to tell them what stories to cover to best serve the liberal agenda. But then, the sand in the hourglass could be running low for them too.
On a tip from Shawn R.