Below The Beltway

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Troubles For The Grey Lady

by Doug Mataconis @ 6:38 pm on February 18, 2009. Filed under Business, Economics, Media

You can now by a share of stock in The New York Times Company for less than it costs to buy the Sunday New York Times.

Yea, they’ve got a problem alright.

H/T: Club for Growth

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2 Responses to “Troubles For The Grey Lady”

  1. steveegg says:
    February 18, 2009 at 7:21 pm

    It’s still overpriced.

  2. Jessica says:
    February 18, 2009 at 7:23 pm

    Maybe it was not so smart that the NYT spent hundreds of millions on building an HQ when they could have rented. Their stock buy-back program also was a loser as it consumed billions of much-needed capital to increase the value of family-owned shares.

    Pinch needs to get real.

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