3.23.2006

GREY LADY

The New York Times came out yesterday with a disappointing earnings forecast and the stock sold off. That is one ugly 3 year chart especially in light of the 500 point move up in the SP 500 over the same time period . Any problems in media/newspaper land?I do not know how these "old" media companies are going to generate sales and profits in the future and I know we can all read just about any newspaper in the world on line free of charge. I don't think on line ads are going to do it and neither do the markets. That is one ugly chart.

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