I thought this historic page seemed appropriate, right?
As we all know, NY TImes has been rated Junk by Moody’s and they had to borrow $250 million from Mexican billionaire Carlos Slim–at 14% interest. I remember when that was a loan shark rate.
They also sold their building and are now leasing their offices.
Now they are forced to sell their plane.
The New York Times Company (NYT) is so strapped for cash that it has been forced to put its Falcon on the block. How will journalism survive?
Apparently, their CEO hasn’t noticed there’s a problem though.
Meanwhile, CEO Janet Robinson doubled her own comp last year, to $4.4 million.
These people report on Bank of America, AIG and Citigroup CEO compensation. How ironic.
I’m not sure how they will get around to locations now. But it doesn’t look good, does it?
Why am I reminded of…