Ten years ago, the common stock of the New York Times (symbol NYT) was priced at $52 a share. The price is now $7.66. Competition from electronic media didn’t help, of course. But the newspaper makes its financial condition worse by reporting news that’s not true and omitting news that is.
News Corporation, owner of the Wall Street Journal and many other papers, has also been subject to competition from electronic media. But News Corporation’s stock price (NWS) in ten years has nevertheless gone up from $13 to $22.27.
Liberal news anchors – which is most of them – look to the New York Times for stories. When the Times publishes misinformation, the anchors pass it right along. When the Times hides the truth, the anchors know nothing about it.
Eventually, the Times is likely to ascend to its liberal utopia in the sky, with the franchise acquired by conservatives or its stock price falling to zero. That will be a glorious day for America.
The liberal anchors will be confounded – a delight to witness.
P.S. It’s better that Obamacare be reversed by 500 people in Congress rather than 5 people on the Supreme Court.
No comments:
Post a Comment