Ace of Spades Headlines:

July 18, 2008

The Rapid Decline (Business-Wise) of the New York Times
I know people get the deal they signed up for, but some of this seems, well, just plain illegal... the NYT's favored shareholders -- the family, which controls about 10% of the company -- not only get 10 of the 15 directors, but, to keep them happy, Pinch gives them big dividends despite the fact the paper is seriously in the red and getting even worse... the normal shareholders, on the other hand, not only have no control of the paper, but they're making no money and in fact losing it hand over fist due to the declining share price

Posted by Ace at July 18, 2008 01:46 PM

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