drmalaka

Far from Dead: The Case for 3 Newspaper Stocks

NYT is one of the most inflated stocks around. Paying attention to anything that Sulzberger says is pointless. This is still a fat company with too many over paid employees and unioninze labor. Sulzberger is flat out as incompetent as they come, without nepotism this guy would not be qualified to shine my shoes.

Furthermore, investing in NYT is like investing in communist Russia. Sulzberger is an avowed socialist/progressive and when you invest in his company understand that you are not investing in a capitalist company that will do whatever it needs to do in order to make money. Sulzberger puts his politics ahead of business, he will take this company down to zero before he would accepted a $50 takeover offer from someone like Murdoch. He is using shareholder money to advance his socialist agenda, watching the value of the company decline while he tries to get Obama elected.

This is the same moron that decided the best way to cut costs and increase profits was to reduce the actual paper width, not the payroll.

This is a dead industry and what everyone needs to understand is that you can not take it digital in the same way. Digital revenues are at best 10% of what paper revenues are per user. This also shows the complete rip off that advertising in these papers has always been, with beefed up circulation numbers just to increase ad revenues. Well that business model is gone.