Yep, that's all I've done.
However PCM was BIG in newspaper investment and have only just recently been bailing out - oh yeah, big time. The Murdoch acquisition of the WSJ was likely facilitated by the PCM pull out and it's rapid effect of lowering share value across the board of print news companies.
Again, why would almost anyone invest serious money in newspapers after 2000? That seems almost like investing in cassette tapes after the CD made its appearance. And now that they are bailing out, they weaken the very same companies they were helping to float.
And yes the class B stock allows the Ochs-Sulzberger family to control the direction of the NYT, even as other investors float it. But somehow I suspect that the NYT is always aware of who, at any particular time, is providing the water under their boat.
Current Events » in reply to Ummm...correct me if I'm wrong here, but...
re: Ummm...correct me if I'm wrong here, but...
The whole thread (27 posts)
- Amazing piece in the Times today. Bad news from Iraq.
- A response from some other vets
- Who wrote it?
- On being a "Surrender Monkey"
- a) too well-written to be the words of non-coms, and b) soldiers are too unsophisticated to match Tech's godly world-view.
- The NYT has a vested interest in seeing us fail.