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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (703325)	9/22/2005 2:46:12 PM
From: Thomas A Watson	Read Replies (1) \| Respond to of 769670

Yes so many respect the NY times, LOL.... It is good the NT Times can afford to lay off 500. Such is a perfect example of so many in respect to the NY times. As unemployment in the US reaches 4.9% and we have so many other positive economic signs, the NY times gets rid of 500 employees. Its time to get up to speed....the world of the NY times is unraveling. LOL... have a nice day.

To: tejek who wrote (703325)	9/22/2005 2:52:29 PM
From: goldworldnet	Respond to of 769670

New York Times Co. Vs. Washington Post Co. forbes.com * * *

To: tejek who wrote (703325)	9/22/2005 3:12:11 PM
From: Srexley	Read Replies (1) \| Respond to of 769670

"the NY Times is one of the most respected newspapers on the planet." You should put the word "still" in there. Circulation is going down and the just laid off 5,000 people.

To: tejek who wrote (703325)	9/22/2005 3:14:15 PM
From: DizzyG	Read Replies (2) \| Respond to of 769670

You and your friends are the only people on this planet that don't realize that the NY Times is one of the most respected newspapers on the planet. It is? This article paints a different picture: New York Times shares dip to new low SEP. 21 12:45 P.M. ET Shares of New York Times Co. dipped to a new low Wednesday and dragged down the newspaper sector as investors read the company's weak third-quarter outlook and plans for mass layoffs as a sign of an industry-wide rough patch. New York Times shares lost $2.17, or 7 percent, to trade at a new 52-week low of $29.96 on the New York Stock Exchange. Shares of the company, whose newspapers include the flagship namesake, Boston Globe and International Herald Tribune, had previously traded between $30.30 and $41.62 over the past year. Stocks in the newspaper publishing sector overall were down 2 percent in midday trading. The Times disclosed late Tuesday that it plans to cut about 500 jobs, or 4 percent of its total workforce, over the next six to nine months. About half of the cuts will be at the New York Times media group, including 45 newsroom positions at the Times newspaper. The company's actions follow a previous round of 200 job cuts earlier this year and come amid warnings of weak advertising sales for September. Advertising revenue fell 0.8 percent in August for the Times media group, but was up 1.7 percent company-wide over August 2004. Also Tuesday, New York Times said it expects third-quarter earnings to fall well below year-ago levels and Wall Street expectations, due to a challenging advertising environment and higher-than-anticipated costs related to job reductions. Quarterly profit is now seen between 11 cents and 14 cents per share, compared with 33 cents last year. Merrill Lynch analyst Lauren Rich Fine, in a note to investors, said "patience is wearing thin as this is the fifth negative quarterly pre-announcement in a row." The analyst also said the Times' plan to cut more jobs is "not a sign of better times ahead," despite the money it will save. Merrill Lynch maintained its rating for New York Times at "Neutral," but cut its full-year profit expectations for the company by 7 cents to $1.58 per share. Bear Stearns analyst Alexia Quadrani also slashed her earnings expectations for New York Times by 18 cents to $1.44 per share on a pro forma basis. "We do not see a catalyst for improved newspaper ad revenue growth, including the important national category, in the second half of 2005," Quadrani said in a research note, adding that the Times' job cuts are "a sign that the ad environment is not improving." Elsewhere in the sector, Knight Ridder Inc. lost $1.50, or 2.5 percent, to trade at $58.60 on the NYSE. The company's Philadelphia Inquirer and Daily News units announced on Tuesday that they plan to cut a combined 100 editorial staff positions. Shares of USA Today publisher Gannett Co. fell $1.62, or 2.3 percent, to $68.22, and Washington Post Co. lost $12.89, or nearly 2 percent, to trade at $802.61. Tribune Co., publisher of the Los Angeles Times, Chicago Tribune and other papers, dropped 77 cents, or 2.1 percent, to $36.31. Shares of Dow Jones & Co., publisher of the Wall Street Journal, fell $1.66, or nearly 4 percent, to $40.60. businessweek.com Readership appears to be falling off from the world's most respected newspaper. :) Diz-