Thursday, August 01, 2002

Don't Short The Times

A letter from an equities analyst at one of the major investment firms:

You have a good blog, I'm checking it daily, but this whole thing about shorting NYT is silly-if anything, they are beginning to resemble a tabloid, with mistruths and half-truths blaring from the front page. The dumbing down of their news and pandering to constituencies may in fact increase circulation, even as it angers readers like yourself over the decline in quality. They will become like a more-left wing USA today-look at Gannett. If Sulzberger/Lewis can get their market cap near Gannett, they'd be doing alright.