Al Ramy

John Paulson's Hedge Fund Position Updates

no need to rehash, recycle news made available by others.

What Does New York Times Investor Carlos Slim Want? Ask the New York Times

The writers are wasting the reader's precious time with their mindless jabbering. The issue is not what if an outside investor will own 6% of a U.S propaganda organ, the question is what is the impact of the disintegration of a big daily on the flow of credible and reliable information to the public, which was never the mission of the daily anyway. While it is true that the N.Y Times over-spends money on bureaus and its reporters, very few are worth keeping, because often they fake their stories and never show up on the scene from where the real story happens (rewrite wire service stories, invent stories, compromise national security or simply write utter propaganda fro various sources). A successful investor has to consider if there is an exit strategy with the NYTimes? Can he make good on his investment? Is it possible that he could lose his entire investment and the NY Times simply implodes? The internet makes this possibility more likely? The issue of how the daily covers their savior is very secondary.

Time Warner (TWX) now expects a net loss for 2008, down from guidance of $1.04 to $1.07 a share. To boot, it will also take a $25B impairment charge related to goodwill and identifiable intangible assets at its Cable, Publishing and AOL segments. Shares slump 6.65% premarket. (PR)

Time-Warner has been heading to the crapper since the 70's. It took no brain surgeon to understand that they were out of it.b Management was AWOL, the magazines are utterly moronic and the cable selection is inferior to Dish, or Direct TV.