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  • Newspapers: Why Bail Out Another Failed Industry? [View article]
    Leftfield:
    Wholeheartedly agree with you. I guess the only other thing to point out to those "enchanted" with newsprint is to take notice that right now the NY Times has exactly ONE offer on the table for its "distressed" Newspaper, the Boston Globe. That offer is a "Take it or Leave it" offer of $35 million. In 1993 the NY Times paid $1.1 BILLION for the Boston Globe. Aren't you glad the NY Times isn't managing your portfolio? The Times is "toast" and will not survive in its present form until the next Presidentail election in 2012. Too bad.

    Yank


    On Sep 23 11:19 AM Leftfield wrote:

    > The MSM has been killing themselves for far longer than just a few
    > quarters of lousy revenues. They have constantly been on full left
    > tilt since the 60's, in their "news" reports. Now there are alternatives.
    >
    > They were making money while the debacle that is wracking our country
    > was building. Possibly the most amazing fact of all is the dog that
    > didn't bark during that time, the MSM. Then or now.
    > They've gotten the bloated government they asked for and the president
    > they are most enchanted with. But, they are showing the results of
    > it: A private economy on life-support and control by a few oligarchs.
    > Their hope now seems to be, to join the breadline of privileged failures,
    > for bailouts.
    Sep 23 11:54 am |Rating: +1 0 |Link to Comment
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