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Daily Tech News 13 March 2025
Wednesday Overnight Open Thread - March 12, 2025 [TRex] Good Boys With Toys Cafe Quick Hits Kash Patel Announces the Prosecution of a "Director Level" CBP Employee Who Defrauded the Federal Government of FEMA Funds and Lied to Federal Agents FBI Scientist Explains Why American Intelligence Now Favors the Lab Leak Theory (and In Fact Always Did) NYT Fires Half of Its Editorial Staff Trump To Lay Off 1,300 Department of Education Layabouts and Slapdicks, Cutting Staff by Nearly Half Politico: Internal Democrat Polling Shows "Massive Branding Problem" Inflation Is Cut By More Than Half In Trump's First Month In Office Absent Friends
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January 08, 2009
Speculation: New York Times May File for Bankruptcy by... May?!?It's more than just idle speculation. The Times is sitting on a lot of debt that comes due in that time-frame, and they have no obvious way to pay it off. They can't just keep selling their few profitable assets forever. Earnings reports released by the New York Times Company in October indicate that drastic measures will have to be taken over the next five months or the paper will default on some $400 million in debt. With more than $1 billion in debt already on the books, only $46 million in cash reserves as of October, and no clear way to tap into the capital markets (the company’s debt was recently reduced to junk status), the paper’s future doesn’t look good. Emphases added. While Thomas Lipscomb (quoted at Newsbusters) may gloat about this, the fact is that we just may lose a critical newsgathering resource here, an important institution keeping check on the American government, with profound implications for our democra-- Aw, I can't even pretend. Gloat. Gloat like the wind. Should Bloggers and Conservatives "Just Get Over" Media Bias? Reader JK wrote: Re: your story on Palin's interview, you touched on something quite important and maybe vital. I think < I wrote back: I actually think about what you say from time to time. It does seem absurd to constantly bash the media. It is as pointless as arguing with glaciers. I have to admit there is a certain cringe factor in me, just out of the sheer numbing repetitiveness of it, when I write my sixty three billionth post on media bias. A lot of readers are probably less than thrilled to see a not-so-fresh addition to the ever-growing oevure. I mean, I don't even really mention Guess That Party stories that often. There are too many of them. I mention one here and there. But for every one I mention, there are three I don't bother noting because, hell, what is the point?
More: In a follow-up, JK expresses, I think, the idea that unending media criticism limits the seriousness of bloggers and alt-media writers. Well, that's true, but it is, at least in my case, a point that speaks to an overdetermined situation anyway -- I'll never be taken seriously. And for good reason. Apart from the law, in which my skills long ago lapsed, I am an expert in nothing at all; while other bloggers are experts in one or two fields, most are experts in none. Media criticism isn't a very prestigious thing because the entrance requirements are so low. And it's those forgiving entrance requirements that make it an appealing pursuit to morons like myself. That gets, though, at my botherment at Sarah Palin's interview. The media, when they presumptuously act as political players, are anklebiters. I think Palin has to deal with the ankelbiters as briefly as necessary to make her point and move on to her real opponents: Barack Obama, Harry Reid, Nancy Pelosi, and, perhaps one day, Putin and Ahmadinejad and bin Ladin. The anklebiters should be left to the ankelbiters of the anklebiters, that is, bloggers and media critics. Otherwise it diminishes her, as she spends precious time dealing with hacks and no-account no-name no-talent partisans in the press, when she should (eventually, at least) be dealing with people who simply matter more than Katie F'n' Couric. | Recent Comments
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Daily Tech News 13 March 2025
Wednesday Overnight Open Thread - March 12, 2025 [TRex] Good Boys With Toys Cafe Quick Hits Kash Patel Announces the Prosecution of a "Director Level" CBP Employee Who Defrauded the Federal Government of FEMA Funds and Lied to Federal Agents FBI Scientist Explains Why American Intelligence Now Favors the Lab Leak Theory (and In Fact Always Did) NYT Fires Half of Its Editorial Staff Trump To Lay Off 1,300 Department of Education Layabouts and Slapdicks, Cutting Staff by Nearly Half Politico: Internal Democrat Polling Shows "Massive Branding Problem" Inflation Is Cut By More Than Half In Trump's First Month In Office Search
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