New York Times Company Posts Loss - New York Times: "The New York Times Company, the parent of The New York Times, posted a $335,000 loss in the first quarter — one of the worst periods the company and the newspaper industry have seen — falling far short of both analysts’ expectations and its $23.9 million profit in the quarter a year earlier."
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Newspapers are in trouble. Competition from the internet is one reason. You can get tons of news, tailored to your interests and viewpoints, for free.
1 comment:
Perhaps well see a new class of distress property emerge out of this mess: AOPs (Association Owned Properties) :)
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