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December 22, 2008

24/7 Wall Street Predicts Top Ten Companies Likely to Go Under in 2009; Number Six on the List? The New York Frickin' Times

Dare to dream.

The unkindest cut?:

. Another big media operation, perhaps News Corp (NWS) which owns The Wall Street Journal and The New York Post [and is owned by Rupert "Darth Vader" Murdoch], will come in and auction off what it can and keep the flagship New York Times newspaper and NYTimes.com website.

Correction: This post originally stated that it was the WSJ predicting this; it wasn't, it was 24/7 Wall Street. Thanks to dave for correcting me.

Now, you may wonder why that post was deleted. It's because of a technical glitch -- every once in a while, a post will not allow me to correct/modify it, and every time I hit "Save" it sends me to an Edit and Search screen rather than publishing it. That's happened a couple of times in the past.

Anyway, sorry to disappear the post, but the post simply would not allow me to make the necessary correction, so it would stand uncorrected. Or I could delete it and try a fresh post. I've done the latter. Sorry to lose your comments; I just couldn't get the post to publish in a corrected state.


Would Murdoch Really Buy the NYT? I doubt it. Consider, the moment he buys it, liberals flee it, and it loses most of its already-diminished value.

Would he buy the NYT just to destroy it? No. Not unless that would somehow catapult the WSJ into the national paper of record and end up making more money for him than he lost.


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posted by Ace at 08:23 PM

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