NY Times Stock Hits a 52-Week Low

2008_11_nytimf.jpgThe NY Times may have seen huge demand for its post-Election 2008 edition and it might be a worthy target to spoof, but there's a dark side to all of this: Its stock is at a 52-week-low. The Observer notes that it hit "another 52-week low today, falling to $7.70 today" (another because yesterday was its 52-week-low) which "puts the Company's market cap at $1.1 billion. By comparison, last year at this time the Company's market cap was at $2.7 billion. In an even rougher comparison, George Steinbrenner is worth about $1.3 billion."

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Comments (8) [rss]

Good news, hopefully the NY Times will go out of business soon.

The irony of a share of the NYT going for less than the price of the Sunday paper won't be lost on me.

Too bad it didn't go under when Walter Duranty was still performing journalistic fellatio on Joe Stalin.

I hope the New York Post goes under with the New york sun, yeah baby

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Hardly a surprise with the Market tanking as well.

Are you people all retarded? If the New York Times goes out of business (which it won't) gothamist wouldn't have a lot less to discuss. Blogs need newspapers.

would have a lot less to dicuss. (sorry. Late night)

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