The New York Times Company is committed to the creation of long-term shareholder value through investment and constancy of purpose. ~ Investor Relations The New York Times Company is in deep financial trouble. For fiscal-year 2008, The New York Times announced, on January 28, 2009, that it had generated a net loss of nearly $58 million. Within weeks, on February 19, 2009, the Times’ board of directors announced it was outright suspending the quarterly dividend. Accordingly, this once-mighty company’s stock is now trading at under $4 per share on the New York Stock Exchange. Conventional wisdom has it that the … Continue reading The NY Times Is Broke
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