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Thursday, February 19, 2009

New York Times Stock is Now Worth Less Than Its Sunday Paper


I posted about the disproportionately dramatic fall from grace of the New York Times several days ago. Apparently, their market worth has continued to plummet to such an extent that their Sunday paper is worth more than one of their stocks. You'd think they'd take a hint and get back to the basics of real journalism, but it seems they're resolved to go down with the liberal ideological ship.
New York Times Stock Now Costs Less Than Sunday Paper
By Eddy Elfenbein
CROSSINGWALLSTREET.COM

Check out this very ugly chart:

Shares of NYT (NYT) dropped 29 cents today to close at $3.77. The Sunday paper goes for $4 at the newsstand.

Maybe they could save costs by printing the paper on their stock certificates.

Posted by edelfenbein at February 17, 2009 10:46 PM
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