Companies oftentimes use dividends as a reward for patient investors so they can show their appreciation for sticking by them in good times and bad. In the case of the New York…
Just when you think that the newspaper business could not get any more depressing along comes a report that Advance Publications Inc. will sell the Newark Star-Ledger, New Jersey’s biggest circulation paper,…
Back in March, The New York Times Co. agreed to give two activist hedge funds with a combined 19% stake in the company a pair of seats on its 15 member board…
Douglas A. McIntyre According to Reuters, Amazon (AMZN) earnings beat Wall St. forecasts. Reuters reports that Ford (F) wil keep its small pick-up plant open for two years.
24/7 Wall St. recently listed The 25 Most Valuable Blogs. Two have been sold. Ars Technica was acquired by Conde Nast for about what we estimated. The 24/7 price tag was $15…
According to Reuters, a proposal from the SEC would cut the role of credit rating agencies. Reuters writes that United (UAUA) will lay-off 950 pilots. Reuters reports that GM (GM) will cut…
May ad revenue for The New York Times Company (NYT) was off almost 13%. The company’s properties in Boston, including the Globe had a 17.7% advertising fall-off. Internet revenue for the newspapers…
Douglas A. McIntyre The newspaper industry was hit with another downgrade today, astonishing because almost all of the stocks in the sector are at 52-week lows. Wachovia cut its ratings on several chains including Gatehouse…
Sam Zell took The Tribune Company private and probably regrets that every hour of every day. With the downturn in the industry, his huge debt load is like a boat anchor. Zell…
Kirk Kerkorian will end up owning more than 5% of Ford after he completes his current tender. He does not like to lose money, so if things don’t get better at the…
According to Reuters, the head of Harris Bank said the company was not for sale. Reuters writes that Toyota (TM) will cut its sales forecasts for the US. Reuters reports that Nomura…
The war for newspapers to stay profitable, and, perhaps long-term, to stay viable has become a race between the fall-off in their print advertising and the increase of their online sales. Based…
Newspapers continued their march into oblivion with one tiny bright spot, the internet revenue for The New York Times. Reporting April numbers, NYT said the the internet revenue in its newspaper group…
The New York Times Company (NYSE: NYT) had a "challenging" first quarter.Total revenue fell almost 5% to to $748 million. Expense dropped only 1% to $723 million. The company’s odd About.com online…
Douglas A. McIntyre Everyone wants to buy a seat on the board of The New York Times Company (NYT). Morgan Stanley’s asset management arm made a run at it, and they were turned away. Capital…
Douglas A. McIntyre 