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affluenza's picture

Times cuts 550 jobs - stock goes up

by affluenza (Senior Gorilla, 753 Banana Points Points) on 9/8/08 at 1:48pm
mouse newspaper.jpg

So, I feel bad that 550 people from the New York Times are now jobless, but it seems to have given a boost to the company’s stock price, which was up almost 2% this morning.

The reason given for the cut is that sales of the newspaper have steadily been declining. Apparently people are going ONLINE to get their news and info. Go figure.

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yesman's picture

any word on whether murdoch

by yesman Certified User(Senior Orangutan, 379 Banana Points Points) on 9/8/08 at 2:02pm

any word on whether murdoch still wants the buy it?

coverthis's picture

do you think that maybe the

by coverthis (Baboon, 133 Banana Points Points) on 9/8/08 at 3:18pm

do you think that maybe the increase in stock price has something to do with the world wide equity markets increase this morning on Fannie/Freddie news?

affluenza's picture

purrrr

by affluenza (Senior Gorilla, 753 Banana Points Points) on 9/8/08 at 7:55pm

oooooo, Cover This - smart boys like you turn me on. did you say fanny?

coverthis's picture

wow.... don't we have

by coverthis (Baboon, 133 Banana Points Points) on 9/9/08 at 1:59am

wow.... don't we have moderators for shit like this?