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More good news for America
"HK" wrote in message news The NY Post is run by Rupert Murdoch to further his conservative agenda. It loses $50 million a year. The Washington Times is run by Rev. Sun Myung Moon to further his conservative agenda. By some estimates Rev. Moon has sunk $2 to $3 billion into it and it has never been profitable. The Pittsburgh Tribune-Review is run by Richard Mellon Scaife to further his conservative agenda. It loses $20 to $30 million a year. The Weekly Standard used to be owned by Murdoch to further his conservative agenda but is now owned by Philip Anschutz to further his conservative agenda. Either way, it loses $5 million a year. Swiped from KOS And the New York Times (liberal is its middle name) is on the verge of bankruptcy. Tell it all or don't tell it at all. Swiped from www.Breitbart.com at http://www.breitbart.com/article.php...ow_article= 1 The New York Times Co. reported a steep drop in third-quarter profits on Thursday, the latest gloomy earnings report in an industry battered by online competition and falling print advertising revenue. The New York Times Co. said net profit fell by 51.4 percent in the third quarter to 6.5 million dollars, or five cents per share, from 13.4 million dollars, or nine cents per share, in the same period a year ago. The company, which owns About.com, The Boston Globe, International Herald Tribune and 16 other daily newspapers besides the flagship The New York Times, said overall advertising revenue fell by 14.4 percent during the quarter. Shortly after the release of its results, Standard & Poors said it was lowering the Times's credit rating to "BB-," or junk status, while Moody's Investors Service said it was placing it on review for possible downgrade. |
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