1 Their demise can't come fast enough. Bye bye comrades. I'm sure Barry will find  work for them rebuilding the infrastructure.

2 They could have competed with modern times and bloggers by reporting instead of editorializing.

3

Not to worry--the White House won't allow its Ministry of Truth to go under. The fleecing of the American taxpayer will allow for a bailout of this anachronism. 

Related: A NYT tool was getting quizzed on this morning's NPR about the validity and necessity of the print press, particularly the NYT. As you might've guessed, his answer was all bluster.

4 Yes, a bailout by Congress with a government oversight committee. Then it could officially be a mouthpiece for Obama. It wouldn't surprise me at all.

5 I bet they WILL get a bailout.

6 Mark my words:  The NYTimes and the like will be "too big to fail" and will get nationalized.  It will be the death of the 1st Amendment. 

7

Bailout

Federal assistance package to guarantee that the American citizenry remains well-informed about its government and the world in which we live.

My bad.  

8 Sorry, I shed no tears for the leftwing ink-stained wretched working "down the food chain." They contributed to this problem. They can all work at Starbucks and scribble in their journals during cigarette breaks.

Seriously, is there any group of people more in need of being unemployed in this country than "journalists"? I mean, besides Congressmen, of course.

9 Well, didn't Lenin say that to make an omelette, you had to break a few eggs?

10

http://tinyurl.com/5gppqm

 

Well, it appears as though some lefties are indeed calling for a bailout

11 I have a bottle of champagne waiting for the day I hear the news come down that the NY Times has ceased operations.

Unfortunately, with federally subsidized bailouts now all the rage, the champagne is probably going to have to sit there for awhile.

12 Lauging my ass off that the bias MSM is going under. The really deserve it and they hastened their demise with the outright bias, lies and blowjobs given to Dicatator Elect and the Dems. It's just as well, Dictator Elect doesn't need mass amounts of in the tank media to spread the propaganda. Just a few will do.

13 When I was a reporter at a small daily, the editors, routinely, altered quotes from people in the paper to change meanings, would do phonetic quotes (like, "leavin'" instead of "leaving" or leaving in the "huh"s) for people they didn't like and clean up the quotes of the people they did, and, in one sports guy's case, covered up multiple instances of plagiary. And this was in a small town, low on the food chain. There were some good people there, naturally, but the vast majority of news and editorial staff don't deserve the trust they have, even on the small local dailies and weeklies.

14

Federal Writers Project--wonderful. Bitter former "opinionmakers" producing ethnographic studies and serialized local history documents that'll sit on the Reference shelf of the local library and get cracked exactly four times in a decade by sociology doctoral candidates.

Maybe it's just me, but all this talk of "putting people to work on infrastructure improvement" conjures up a dystopian America peopled in vast areas with sullen, resentful "Works workers" in cheap "Change uniforms" doing mundane make-work "infrastructure improvement" jobs that contribute nothing whatever to the GNP. Gulag jobs. Federally indentured subsistence servitude.

Basically, a generation of Boy Scout trail-pavers on subsistence wages, coming to an underutilized-yet-fully-funded National Park Service park near you.

 

 

15

$400MM in revolving debt? Makes my $14K in credit card bills look tiny!

I knew the NYTimes was good for something.

 

16 All these people that will be going to work on the infrastructure are those folks that majored in all those useless liberal inspired degrees like ethnic studies and biodiversity while you and I majored in engineering. They deserve what they get.

17 The same thing that is wrong with the auto industry  has affected the NYT.. They are selling a second rate product, and people can get what they want somewhere else.  The people have spoken when they are NOT buying the NYT and America's Big Three cars.

18 I also agree that Congressmen need to be unemployed. I want a do-over. Toss out all the current congressmen and let's elect new ones. I am sick and tired of the current bunch of scoundrels and scalywags.

19

Then it could officially be a mouthpiece for Obama.

You know they'd still claim to be objective journalists.

20

I'm sure Barry will find  work for them rebuilding the infrastructure.

 

Oh no he will not. The NYT is too big and too liberal to fail. They will get a bailout.

21 ha HA /Nelson Muntz

You know what would be utterly fantastic?  If Murdoch put up the funds, secured by the real estate, and then moved the Post into the building when the NY Times defaults.  God, can you imagine the sheer number of exploding heads?

22

Perhaps the new building's bloated, flatulance producing writers and editors could sell their toxic by- products to offer as a  reusable fuel for running a power plant some where.

 

23 Once they go bankrupt and their stock is delisted, George Soros will buy it up and will continue the leftist agenda.  The problem is no one reads their drivel any more.  It will be like continuing to fund Air America.

24

Perhaps the new building's bloated, flatulance producing writers and editors could sell their toxic by- products to offer be converted into Soylent Green wafers as a  reusable fuel "food" for running a power plant Third-World nation tired of Whoppers some where.

submitted for your consideration.

25 Report the damn news instead of doing your best to emulate Pravada and people will start buying your rags again.

26 Thanks for adding that last bit about your glee being tempered. I'll be forever pissed off that my so-called Betters in the newspaper industry have so gleeful driven my profession off a cliff. Looted the bank account, ladled on the debt and, in the case of the bigtime reporters, laid a big stinking deuce on media credibility. But we're not all bad. I try to be fair, honest, etc., and if my readers want to know my politics, all they have to do is ask. Or read a recent column. My paper's hanging on so far, but since I'm the solo guy for a tiny paper in a 1,100-person town, there aren't a lot of other options for advertisers.

27 Why are people so cheerful about the NYT going under? First off, its web presence will persist, and second, look at websites like Politico - it is horribly, horribly bias against conservatives, to an insane degree. The NYT will just be replaced by Politico and other terrible news sources - in fact, it kind of already has.

28 If I had the money, I would buy the building and put in a Walmart.

29 A spectacular skyscraper rises from the cesspool of Hell's Kitchen, It's an open secret that the news empire building it is already dead.

"Let it cost whatever is necessary. ... The building will remain long after the newspapers and newsreels are gone. ... You might find the undertaking preposterous, The age of the skyscraper is gone. This is the age of the housing project. Which is always a prelude to the age of the cave. .. This will be the last skyscraper ever built in New York. It is proper that it should be so."

Ol' Ayn was crazy as batshit most of the time, but way back in 1943 she saw this inevitable collapse coming. I only hope the structure has more integrity than the enterprise it houses.

30 Up until the layoffs last Wednesday, I worked for the "Community Information Desk" at a statewide midwestern newspaper (one that sometimes kept its bias in check, I might add). I wrote no articles; instead, I worked on calendars and reader-submitted pieces for the local editions. I was also being groomed to take over several responsibilities for the annual eating and entertainment guides. This is an area where blogs can't compete, but try telling that to the powers that be. As long as newspapers insist that their niche is that of the shining knight on the white horse, they're going to continue to suffer and die. Idiots.

31 Due to their long history, if the NY Times even had a semblance of even-handed reporting, I would feel some sorrow at their demise.  As it is, their arrogance is equaled only by their intolerance of opposing viewpoints.  They do not even qualify to be labeled a news source any longer.  Seriously.

32 The most interesting story yet to be told is how Sam Zell, formerly brilliant vulture capitalist, made the terrible decision to get into the media business.  He must be kicking himself every day over it.  I hope he, or one of his insiders, writes an honest account of it someday.  I don't feel sorry for him, just curious how he capped off his great career with such an awful snafu.

33

Back when I was a Times subscriber, I read a stock liberal  editorial decrying "corporate welfare", only to turn to the Business section and learn that the Times Corp. had secured a $29 million tax break from the City in order to encourage construction of the new corporate mausoleum skyscraper.

Same paper.  Same day.

What tools.  They deserve their misery, and we proles deserve to jeer and jape from the sidelines.

 

34 If there is even a whisper of a bailout by the Dem Congress, we should march on Washington!  Puppets and everything!

35

Well, I don't know if they are necessarily 'piling on new debt'.  They are trying to replace the old revolver that's going lapse in May.  With a debt level of about $400M, they'd be pretty much without liquidity with their one remaining revolver without this new deal.

But this shows that they represent too bad a credit risk to get financing from the big banks without some very, very good collateral.  (S&P just put them below investment grade.)  That building on 8th Avenue is pretty fancy.

 

36 Joanna: Fellow Gannetteer?

37 Joanna, this is exactly what I think about the WaPo.  I toss the front section and read Metro for the local stories and I use the weekly sections that list the goings-on in the area.  More newspapers should focus on what's local--and quit bugging me about their stupid "national" opinion.  I don't care what their opinion is about Bush or Obama--I want to know why the FBI raided the offices of a business right down the road from me...

38

the Tribune filed. 

39 Fulldroolcup: To add insult to injury, the Times wanted to divert that money out of the bonds that were floated to rebuild the downtown area around Ground Zero. (For you non-NYers, Times Square is 80 blocks north of the WTC site.)

Meanwhile, they're writing editorials complaining that the Ground Zero plans would flood the already-glutted market for office space in Manhattan. But the news stories told us  their competing project was vitally needed to fill a gaping shortage of office space in Manhattan.

Jackals.

40 exxxxxxxcellent

/rubs hands/

41 I cannot wait to see the media coverage of the NYC marshalls red-tagging the NYT building and turning the tenants out...

42 As for Tribune, I anticipate the layoffs with glee. Indeed, I hope there is a special circle in unemployment hell for Michelle Pererra (sp? don't care) the arrogant Canadian telepromtper monkey who capped KTLA's interruption of Bush's speech on the war in Iraq, just as he was about to start listing the Coalition's achievements, with "That was President Bush talking about progress in the war in Iraq. We will return to his speech as we see fit."

On. The. Fucking. Air.

43 I'll continue to dance on all their graves when I'm not pissing on 'em. I do fear federal bailouts such that Pravda West and its outposts just become official, but at least the public will know what's peddled is propaganda just as the Soviets learned to know of their own news. They learned to read between the lines to understand the news under Communism. We may yet get the same opportunity.

No matter what, the industry needs to fail so badly and comprehensively that the "journalism" schools are unable to produce and indoctrinate employable hires. The whole process needs to be roto-rooted upstream to the original source of the problem... academia.

44

Unfortunately, the government will be bailing out the New York Times.

Unfortunately, most people won't be paying attention closely enough to realize that once the government bails out the free press, it essentailly ceases to be the free press.

Unfortunately, opinion makers in the government, the Old Media and academia will continue to use the Times as an unimpeachable primary source as they do now.  Additionally, conservative thinkers will use it as well, as an example of bias and so forth often enough to keep its name relevant.

And therefore, it will continue to serve the same role as it has for decades.  Only now, it'll be bankrolled by you and me.

Best Regards

45 Can you say bailout boys and girls?

Yes, we can!

46

once the government bails out the free press, it essentailly ceases to be the free press.

 

Is it the “free press” anyway when it decides that it will side with one political faction or is it just a propaganda arm for that faction?

 

I say it is no longer press at all, it is a PR firm who issues propaganda and yellow sensationalism to up circulation.

47 Frankly, I can think of no greater group of self-righteous, sanctimonious asswipes and self-inflated gas bags than those keyboard monkeys at the Old Gray Lady  Liar. I hope all the City Desk miscreants who grew up wanting to be Ed Asner, as "Lou Grant, City Desk Nazi," are the same unemployed asswipes sleeping on the heating grates outside that towering pile of ego and Bullshit that is the NYT building in Manhattan. I will now attempt to find some pity for these unrepentant leftard assholes and their self-inflicted collpase. Truly.

*Looks around, finds a beer, can't find any pity for these cock-knockers...*

Nope, fresh out of pity for you holier-than-thou Matthews/Olbermann types who have to settle for vividly describing the erection the Magic Mulatto gives you instead of being on TV where you could just salivate and show your boner without all those pesky words and sentences getting in your way.

Here's fervently hoping you take the Tribune, WaPo, Chicago Slum -Times, Harlot Observer, LA Slimes and all the rest of the leftist propaganda machine with your sorry arse when you go. Misery loves company, so take as much of this kind of company with you as you can.

Good riddance.

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