Duude

Newspaper Death Spiral Continues - Ads Down 18% Y/Y

One very important reason for the NYT to dive is the issue of its dual stock class status. One family controls the corporation and has proven itself time and time and time again to be totally ignorant of the great number of problems the newspaper industry is facing. They can see what has happened but react without any coherent strategy to address their issues. They seem to be fixed on avoiding change. Additionally, they don't hear the calls of biased reporting which only accelerates their loss of circulation. The only chance they have is selling the company to a more competent capable publisher.