How Can The New York Times Be Worth So Little?
BUSINESSWEEK - Stocks in the News July 25, 2008, 1:19PM EST The huge slowdown in ad dollars has hit the Times hard, and the parent company’s stock is worth about half what it was a year ago Mario Tama/Getty Images by Jay Yarow and Jon Fine On Wednesday, New York Times Co. (NYT) reported disappointing second-quarter earnings, and on Thursday the stock continued in its steep descent. At the end of trading it stood at 12.48, or virtually half the price it commanded one year ago. This part of
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