Shady Times
If you’re not already dialing 1-800-NYTIMES to cancel your subscription, what is your problem?
“The marriage of the Times’ flag and Obama’s silhouette was jarring. One guest remarked that the poster looked like something put out by Pravda — state-run liberal media…
Hence the party. But for a paper with the Times’ long-held journalistic values, hosting a party for a political candidate is far from seemly. ‘I don’t know how to explain it,’ one Times staffer said. ‘I don’t know what the thinking was.’”
No worries: the Times assures us that its vaunted journalistic ethics remain intact:
Times metro reporter/byline beast Sewell Chan, who as of this afternoon had 2,383 Facebook friends, assured the Daily Transom that, specially-designed logos not withstanding, the paper maintained its objectivity throughout the day, and that nothing journalistically untoward had happened earlier at the informal watching party in the paper’s conference room. “It was exciting, but decorous,” Mr. Chan said. “There was no inappropriate whooping or cheering.”
The “paper of record” is now the “paper of decorous objectivity”.
But then Times are changing (get it?); once, immigrant children used to sell newspapers on street corners.
The New York Times Co. bought time with a $250 million infusion from Mexican telecommunications billionaire Carlos Slim, but analysts say the loans won’t erase the company’s broader challenges of paying down debt while ad revenue plunges.
The Times is paying a hefty interest rate of 14 percent and giving Slim warrants that could let him boost his stake in the company. That could turn one of the world’s richest men into one of the newspaper publisher’s biggest shareholders.
…
Simonton said the required interest payments to Slim could further squeeze the Times’ cash flow. And the Times has already tried other big cash-saving moves, such as cutting its dividend by 74 percent.



