Businessweek: How Can The New York Times Be Worth So Little?

http://www.businessweek.com/investor/content/jul2008/pi20080725_458084.htm

 

Two words: Jayson Blair.

 

Howell Raines.

 

Irrational fears.

If you read the article, at current stock prices and subtracting assets, it puts the sticker price of the NY Times at $750 million. Newsday was just sold for $650 million.
The sticker price of the Times makes no sense, because even with declining ad revenue, you are still talking about a brand and a brand as big as the NYT is worth more than $750 million.
That's what's crazy.

 

Jay is right. NYT is undervalued. Theory says that's when you buy.

 

Our first contest in the comments section has the answer for us all. :

A more sane person would reason that the company was undervalued if you could buy real voting rights as part of your stock. Instead, all you can buy is a ride in the back seat while the Sulzbergers keep their hands on the tiller.

 

Maybe people have finally seen the hypocrisy and agenda and decided to turn elsewhere for news.

Just a hunch.

 

Another hunch is that you're an asshole who is gloating about the hardships of a paper that employs more than 1,000 journalists. You should be ashamed of yourself.

 

On hondo's planet, reporters who fail to follow neofascist marching orders are hypocrites with an agenda.

 

Like Fox News, right?

 

They own the No. 44 (About.com) and No. 56 (NYTimes.com) Web sites in the world. So I think A.) they probably have a better future than any other newspaper company, and B.) it's ridiculous to suggest that people are rejecting the news report. Yeah, I think the stock is probably undervalued if you consider the longterm.

 

Scott McClelland admitted the other day that the White House uses Fox News for its official daily talking points.

So you could argue that absolute idiots have decided to turn elsewhere for, er, "news."

Except that absolute idiots generally didn't read the NYT in the first place.

Move along now.