NY Times Stock Hits a 52-Week Low

The 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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By Jen Chung in News on November 12, 2008 6:22 PM

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Potosi

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

Potosi

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.