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$13.05 -0.17 (-1.29%)
10/6/2008 4:07 PM

The New York Times Company (NYT)

CAPS Rating:
*

The Company is a diversified media company that currently includes newspapers, internet businesses, television and radio stations, investments in paper mills and other investments.

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Avatar morgan628 (< 20) Submitted: 7/11/08 3:49 PM : Underperform Start Price: $13.41 NYT Score: -8.70

A declining industry, falling circulation rates and lower advertising revenues. Although the company has a strong brand, that brand has been tarnished by NYT demonstrating that it is not objective and can hardly be considered patriotic. The fact that NYT devulged the Swift program that the administration used to follow the international path(s) of money to terrorist organizations and other classified programs designed to protect US citizens may have hastened their declining circulation numbers. Harbinger Capital and Firebrand Partners have been able to put candidates in two board seats which may help the company over the long term.

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