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LOL, you've shown your lack of business knowledge. Buy-outs are not common by companies that ARE GROWING!
They are a dead man walking. Carlos Slim will eventually tire of supporting that failing enterprise.
Sayonara....
Show us your business savvy. NYT is a publicly traded company. Therefore ther financials are available online and free. Run along and report back if they are making a profit. I already know the answer but it seems you do not.
The NYT is a great treasure of American Journalism. It will continue to try to get to the truth regardless of what a small bunch of crackpots think about it.
Agreed, but I think that the best-qualified copy editors should have been automatically shifted to the new, integrated editing positions and laid off only if they were unable to perform the work, after a reasonable amount of training.
Show us your business savvy. NYT is a publicly traded company. Therefore ther financials are available online and free. Run along and report back if they are making a profit. I already know the answer but it seems you do not.
33 mill revenue drop 2014 to 2016, under 2% profit.
That is the total entity. The paper is likely far less profitable than other entities owned by the publicly traded company.
Overall revenue was up 5% to $398.8 million, beating expectations of $385 million, as the company continues to cope with a long-running decline in print circulation and advertising.
NYT is doing quite well in its industry.... maybe you still think it's some other year.
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