Economically-ignorant New York Times to raise prices

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If your company is continually losing business, how do you attract more business? According to the Socialists who run the New York Times, you raise your prices:

NYT To Raise Prices For Newsstand Sales, Home Subscriptions

“NYTCO CEO Janet Robinson told the Newspaper Association of America’s Mid-Year Media Review the paper will raise single-copy and subscription rates. According to the AP, she said the price increases slated to take effect July 16 would result in about $7 million to $8 million in additional revenue in 2007, and $14 million to $16 million on an annual basis going forward. Home-delivery rates will be hiked 3-4 percent while the single-copy price will jump to $1.25 from $1.00 and Sunday single-copies will move to $4.00 from from $3.50.”

Here’s an even “better” money-making suggestion to the economically-ignorant folks who run the New York Times: Just raise the price of a single copy of the paper to $5 billion. Then, all you have to do is sell ONE!

4:12 pm on May 5, 2009