The New York Times Company (NYSE:NYT)

The New York Times still thinks it's all about selling subscriptions to newspapers. Their NYTimes app for iTunes only gives main headlines and if you want more you have to subscribe. USA Today (owned by Gannett) offers better value with its free USA Today app. In addition NYT generates only about 1/10 in positive cash flow what Gannett does.

This industry is changing, and the newspapers are not changing fast enough to keep up with the digital revolution. Look for print news media to be replaced by multimedia free apps, similar to the CNN app, soon. Good-bye, print newspapers.

long term bet on brand and talent. also recently paid down debt ahead of schedule. finally, i assume it's real estate is fairly valuable and even more so if the RE market turns around

Core newspaper business is obviously in decline, free online alternatives threaten its digital expansion plans, still loads of debt. Nothing appealing here.

It is going to zero!!!!

This outlook will lead to default. The numbers scream "default!" The columnist admits that there are "problems" or "challenges" or whatever euphemism is popular for "an inevitable default, but I intend to ignore this." They treat the national debt in the same way that CEO Robinson treats the balance sheet of the "Times." She said this: "While the challenges for our Company and for the larger economy are not yet behind us. . . ." Revenues are falling. Costs are rising. Conclusion: "Defer public discussion."

The Keynesian system is tied to the success of the Federal government's deficits and the Federal Reserve System's ability to inflate the monetary base without producing comparable price inflation. A Keynesian Ph.D. now heads the FED, along with support Ph.D.'s on the Board of Governors. These people believe in Keynesianism. They are associated with Keynesianism. They have therefore put Keynesiamnism on the line. If they fail, the last gasp of Keynesianism will undermine people's confidence in the system.

The financial media are tied to Keynesianism. They have bet the farm on it. So, as the Keynesian policies begin to produce politically unacceptable results, viewers will abandon the mainstream media.

This has begun. Ron Paul is the crucial symbol of this defection. Paul Krugman, the "New York Times" columnist and blogger, has written that Bernanke's fear of Ron Paul is the reason why the FED has not gone whole hog with a stimulus program, as if what the FED has done to the monetary base is not laying the foundation for hyperinflation if commercial banks ever pull their excess reserves from the FED.

I'd say that the Fed's policy is to do nothing about unemployment because Ron Paul is now the chairman of the House subcommittee on monetary policy. So much for the Fed's independence. And so much for the future of America's increasingly desperate jobless.

http://bit.ly/IntimidatedFED

Krugman sees it. A growing segment of the public is now suspicious of the FED, and Ron Paul is the reason. Krugman and his fellow Princeton colleague Bernanke cannot reverse this.

It is going to get worse from their point of view. The readers will move away from mainstream media to non-Establishment sites that call the FED into question, and therefore call Keynesianism into question.

The mainstream media are going belly-up: the TV networks, the large daily newspapers, and the news services. No matter what they do, their salary costs continue to undermine their profitability. They are losing the battle for real estate: computer screens and flat TV screens. Cable is eating their lunch.

Gary North

true content producer.

About to put on a paywall - yay!

NYT had a good rebound when it managed to sell some of it's loosing newspapers (the Boston Globe), and when it introduced an interesting section to its web site.
This is all already paid in, and the administration will need a lot a creativity to have revenues increase enough to increase revenues enough to make this stock attractive.

Content producers have suffered with the move to the Internet, that's obvious. But I see a time in the not so distant future where technology will catch up and allow content producers such as NYT to take back a huge chunk of $$$ that today goes to a different party...

Content has value. Even the ability _index_ content has value, so why isn't NYT reaping the benefit? Each day we get a little closer to that reality.

NYT also owns About.com which is essentially the "non-free Wikipedia." Think about how many search results pages you see on a regular basis where at least one of the items listed is a page on About.com. If you believe indexed content is undervalued then clearly About.com and thus NYT is undervalued.

I am a little concerned that the paywall idea is misguided though I think inevitably this will work itself out. We'll see!

Just think it's oversold. I believe that nyt will adopt to changing times. Has some cash and pays a nice dividend.

The New York Times has had some rough spots, from trying to charge people for content to giving it all away for free and back again to digital subscriptions.

Yes, print media is dying. While print may be declining, the consistent quality of editorial content coming from the staff at the NYT cannot be argued with. Their iPhone/iPad apps continue to be the top of the leaderboard in news apps, their digital subscription model is forming (Apple Store + Amazon Kindle) all those new 'e-ink' customers are chomping it up. And guess what? a group of developers are cheaper to run than a printing press.

Also there's the fact that the NYT just happens to be one of the single most respected news organizations in the world. When you are abroad and you want a US newspaper, it's the times you'll be offered.

Get out, get out now.

Not even in the top three most read papers in the country any more.

On the wrong side of the popular political opinions at this time.

fools betting against this will get burned.

Solid media brand do have a future

Apple, Inc. Loves them.

Unusually high call volume at $12.5 & $15 for 3/10

I love the NY Times, but I have to say, print media is circling the drain.

This stock has gone up for now reason. Possibly short covering. Fundamentals are extremely week and stock is overpriced. All things point to a sharp fall.

Currently overpriced (end of Dec '09)