The Ticking Time Bomb at the NYT

Katie Feola reports on the New York Times:

Thanks to a flurry of stop-gap grabs for capital, the New York Times Company has emerged from the recession with enough cash to disprove predictions of its imminent demise. But a few real-estate maneuvers and a sizable loan won’t be enough to save the world’s leading newspaper if it can’t convince readers to pay for news online.

When it convenes its annual meeting on April 27, the Times will have some good news to report. The company ended 2009 with only $36.5 million in cash. A year later, it has $400 million.

Continue reading:


Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s