October 24, 2008
americanthinker.com
Ed Lasky
"Garbage-in, garbage-out" finds a new meaning, as the decline of its
journalistic practice is now matched by the New York Times Company's
financial status.
We at American Thinker, particularly our publisher Tom Lifson, have
long chronicled the New York Times' history of journalistic failure
and corporate decline. In the incapable hands of family scion, Arthur
("Pinch") Sulzberger, Jr. the paper has taken an agenda-driven
approach to the news, trying to "force feed" the Democratic agenda to
its readers -- and to the other media outlets that follow its lead.
The editorial page has, of course, followed along; the home of several
columnists who seem to rewrite their own columns and pass them off as
new ones or engage in an emotional frenzy against any and all
Republicans.
Readership has declined. The journalistic mistakes have been
compounded by a long series of management miscues (bad investments in
About.Com, the Boston Globe and other newspaper properties purchased
at top princes just as earnings were about to go over a cliff). Pinch
Sulzberger has overseen the decline, cosseted by a shareholder
structure that empowers his family at the expense of common
shareholders.
Isn't it long past the time that he should accept responsibility for
his mistakes, exactly as the paper insists a long line of Republicans
do? Time to fall on the sword and let more capable management attekpt
to save the family patrimony.
Frankly, the Times has become far too predictable -- and so was the
latest action by Standard and Poors rating agency, which cut the
corporate debt of the New York Times company to "junk" status.
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