UPDATE: New York Times Near 52-Week Low Amid Weak Ad Sales
12:01 PM EDT September 12, 2007
By David B. Wilkerson
Shares of New York Times Co. (NYT) reached a 52-week low earlier Wednesday after the company reported a steep advertising revenue decline in August at the unit that includes its flagship newspaper and the Boston Globe.
Revenue at the publisher's News Media Group dropped 4.6% from the same month a year ago to $121.5 million. Classified revenue, traditionally considered the most vital component of newspaper advertising, fell 20% on weakness in real estate, help-wanted and automotive ads.
Ad revenue at the New York Times Media Group rose 0.2% on growth in national ad categories such as packaged goods and technology products.
Softness continued at the New England Media Group, which includes the Boston Globe, where ad revenue fell 9%.
The company's regional-media group, including papers in medium-sized markets such as Wilmington, N.C., and Santa Rosa, Calif., saw ad revenue drop 11.9%.
Print-advertising sales have been eroding throughout the newspaper business over the past three years. Weakness has been seen particularly in the classified and national ad categories, as several of the heaviest traditional users of newspaper advertising have either experienced slumps of their own or reduced their exposure to the medium as more people turn to the Internet for news and information.
Online revenue has soared as a result, but not nearly fast enough to offset print losses at the newspaper publishers.
Circulation revenue at the company's newspapers rose 3.6% to $68.4 million.
Overall at New York Times Co., total revenue from continuing operations rose 0.6% from August 2006 to $218.5 million. Online information provider About.com was a bright spot, posting a 27.4% revenue increase to $7.2 million.
Shares of New York Times Co. recently rose 7 cents, or 0.3%, to $20.40, on volume of 882,700, compared with average daily volume of 1.1 million. Earlier Wednesday, the shares traded at$20.19, below the 52-week low of $20.21 set Tuesday.
-By David B. Wilkerson; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
09-12-07 1200ET
Copyright © 2007 Dow Jones & Company, Inc.
See attached Charts!!
Click to view attachment Click to view attachment Click to view attachment
Yet, even with the NY Times facing such drastic losses in Business performance and Stock Holder Equity, its ideolgues managed to give MoveOn. Jihad so called infamous advertisement, “wink wink” "Gerneral Petraeus or General Betray Us,” a discount OFF to the tune of a a $100,000 OFF its normal rate charge of $165,000 per day.
MoveOn.Jihad paid only 39.4% of what everyone else in the world would had to pay to a company who just the day before announced they are continuing their drastic drops in Classified ad and over all revenues.
Then again, what is a mere $100,000 among these copulating cousin's of Jihad enablers, eh ??
You do the math and the logic!
Is the NY Times in the business of Ideology or Corporate Profit making as it alleges when confronted with its consistent Jihad enabling Liberal Doom-o-cratic bias. Even now stating in now rote standard reply that it only opines "fairly in Ideology" on the Opinion Editorial ( OP-ED) Pages of the paper. "Wink, Wink" eh?
Yet, it appears this time, our enabler of Extremist's leftists liberalism and Jihad was caught in this Socialist Madrasa rag’s empty cook jar doing not what is in the best interest of honest journalism, the country, and or even the New York Times, but in the sole interests of socialist Liberal Doom-o-crats and Jihadist in yet another denial of deadly extremism existences and thus its likely threat to us all.
The New York Times cooking up, in the drip, drip ideology of a Socialist’s Liberal Doom-ocracy, spin for a welfare state of unearned victory for Jihad and socialism, so they, the failures of socialism's experiments and the Jihad butchers and barbarians do not have to earn it!
Full Version: You Do The Math
It is WAR!!! Is gitmo big enough for the NY Times and MoveOn.Jihad is the question? *^-
A political group supporting President Bush's Iraq war strategy with a multimillion-dollar ad campaign is airing a new TV ad denouncing a liberal group's sharp criticism of Gen. David Petraeus.
The campaign is the second rollout of ads by the group, Freedom's Watch, and capitalizes on Democratic Party unease over a newspaper ad run this week by MoveOn.org, one of the leading anti-war voices among liberal activists.
The MoveOn ad appeared Monday in The New York Times on the morning of Petraeus' first appearance before Congress to testify about conditions in Iraq. The ad accused Petraeus of "cooking the books" for the White House. "General Petraeus or General Betray Us?" it asked, playing off his name.
The ad has become a rallying point for Republicans, who have demanded that Democrats disavow it.
Some Democrats have voiced concern. On Monday, Sen. John Kerry, D-Mass., called the ad "over the top."
The Freedom's Watch ad states: "Name calling, charges of betrayal it's despicable. It's what MoveOn shamefully does — and it's wrong. America and the forces of freedom are winning. MoveOn is losing. Call your Congressman and Senator. Tell them to condemn MoveOn."
"It's not surprising that a White House front group like Freedom's Watch would come after us," said Eli Pariser, executive director of MoveOn.org Political Action. Pariser defended the MoveOn ad, saying, "when you have the Bush administration spinning the facts about what is happening in Iraq, that's a betrayal of trust."
Bradley A. Blakeman, president of Freedom's Watch, said MoveOn was employing "outrageous tactics."
"To question the character and patriotism of brave men and women who combat terrorism everyday is too much, it's in poor taste and it will not go unchallenged," he said.
Freedom's Watch also plans to respond to MoveOn with a print ad in The New York Times, and has demanded the same $65,000 rate that the liberal group paid for its full-page ad. Freedom's Watch spokesman Matt David said his organization paid "significantly more" for another full-page ad Tuesday on the 9/11 anniversary.
That ad, however, was a more expensive full-page color ad, compared to MoveOn's, which was black and white. The rate also would have been higher if Freedom's Watch asked for a specific date and placement of the ad. David said The New York Times did not offer Freedom's Watch the $65,000 rate.
Catherine Mathis, vice president of corporate communication at the Times, said she could not discuss specific advertisers, but said the rate for a special advocacy, full-page, black and white, standby ad is $64,575. At that rate, an advertiser can request that an ad run on a specific date, but cannot be guaranteed such placement.
"The rates are certainly things that have many different variables in them," she said.
Freedom's Watch launched a $15 million advertising blitz last month to pressure lawmakers, including Republicans, whose backing of the war was seen as wavering.
The group is financed by former White House aides and Republican fundraisers and was organized as a nonprofit organization under IRS rules. It is not required to identify its donors or the amounts they give.
Among those who have been publicly identified with the effort are billionaire Sheldon Adelson, a fundraiser for Bush and chairman and CEO of the Las Vegas Sands Corp., and conservative philanthropist John M. Templeton Jr. of Bryn Mawr, Pa. Both men have been major contributors to conservative causes.
Also backing Freedom's Watch are top Republican donors Anthony Gioia, Mel Sembler and Howard Leach, all former ambassadors in the Bush administration. Former White House Press Secretary Ari Fleischer is a founding member.
http://ap.google.com/article/ALeqM5j0DQISF..._kaidv6a_IMKNdA
A political group supporting President Bush's Iraq war strategy with a multimillion-dollar ad campaign is airing a new TV ad denouncing a liberal group's sharp criticism of Gen. David Petraeus.
The campaign is the second rollout of ads by the group, Freedom's Watch, and capitalizes on Democratic Party unease over a newspaper ad run this week by MoveOn.org, one of the leading anti-war voices among liberal activists.
The MoveOn ad appeared Monday in The New York Times on the morning of Petraeus' first appearance before Congress to testify about conditions in Iraq. The ad accused Petraeus of "cooking the books" for the White House. "General Petraeus or General Betray Us?" it asked, playing off his name.
The ad has become a rallying point for Republicans, who have demanded that Democrats disavow it.
Some Democrats have voiced concern. On Monday, Sen. John Kerry, D-Mass., called the ad "over the top."
The Freedom's Watch ad states: "Name calling, charges of betrayal it's despicable. It's what MoveOn shamefully does — and it's wrong. America and the forces of freedom are winning. MoveOn is losing. Call your Congressman and Senator. Tell them to condemn MoveOn."
"It's not surprising that a White House front group like Freedom's Watch would come after us," said Eli Pariser, executive director of MoveOn.org Political Action. Pariser defended the MoveOn ad, saying, "when you have the Bush administration spinning the facts about what is happening in Iraq, that's a betrayal of trust."
Bradley A. Blakeman, president of Freedom's Watch, said MoveOn was employing "outrageous tactics."
"To question the character and patriotism of brave men and women who combat terrorism everyday is too much, it's in poor taste and it will not go unchallenged," he said.
Freedom's Watch also plans to respond to MoveOn with a print ad in The New York Times, and has demanded the same $65,000 rate that the liberal group paid for its full-page ad. Freedom's Watch spokesman Matt David said his organization paid "significantly more" for another full-page ad Tuesday on the 9/11 anniversary.
That ad, however, was a more expensive full-page color ad, compared to MoveOn's, which was black and white. The rate also would have been higher if Freedom's Watch asked for a specific date and placement of the ad. David said The New York Times did not offer Freedom's Watch the $65,000 rate.
Catherine Mathis, vice president of corporate communication at the Times, said she could not discuss specific advertisers, but said the rate for a special advocacy, full-page, black and white, standby ad is $64,575. At that rate, an advertiser can request that an ad run on a specific date, but cannot be guaranteed such placement.
"The rates are certainly things that have many different variables in them," she said.
Freedom's Watch launched a $15 million advertising blitz last month to pressure lawmakers, including Republicans, whose backing of the war was seen as wavering.
The group is financed by former White House aides and Republican fundraisers and was organized as a nonprofit organization under IRS rules. It is not required to identify its donors or the amounts they give.
Among those who have been publicly identified with the effort are billionaire Sheldon Adelson, a fundraiser for Bush and chairman and CEO of the Las Vegas Sands Corp., and conservative philanthropist John M. Templeton Jr. of Bryn Mawr, Pa. Both men have been major contributors to conservative causes.
Also backing Freedom's Watch are top Republican donors Anthony Gioia, Mel Sembler and Howard Leach, all former ambassadors in the Bush administration. Former White House Press Secretary Ari Fleischer is a founding member.
http://ap.google.com/article/ALeqM5j0DQISF..._kaidv6a_IMKNdA
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