The New York Times (NYT) Cut To “Sell”

Posted: November 28, 2007 at 6:54 am

According to MarketWatch Banc of America Securities cut its rating on The New York Times Company from "neutral" to "sell". It moved its price target from $21 to $14.

What an insult. NYT is now a "source of funds" stock. It only owns the most powerful newspaper in the country.

Sulzberger must go.

Douglas A. McIntyre

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