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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This might be a case of picking the best house in a bad neighborhood. I like that they are cutting jobs at the New York Times and playing hardball with the Boston Globe. The dividend yield is highly attractive and the stock is trading for less than half of sales. I don't think that NYT will find a way to save journalism. I just think that they will manage their decline better than the others. Anyway, they report their Q3 results on Thursdays. We'll see what else they've been doing to save the ship.