Wednesday, October 8, 2008

Blindingly Obvious: New York Times in Decline!

New York Magazine/NewsBusters have just discovered what we have suspected for years:

NY Magazine: Sulzberger Stupidity Could Cause NY Times Collapse
NewsBusters | October 8, 2008 | P.J. Gladnick

Posted on Wednesday, October 08, 2008 6:56:47 AM by PJ-Comix

Although the New York Times circulation has been plummeting like a lot of other newspapers due to readers switching to the Internet for their news as well as being turned off by the extreme liberal bias at that newspaper, the ultimate failure of that periodical might be due to another reason according to an article in New York Magazine. Sulzberger stupidity. And based on what New York has to say, we aren't talking about the ordinary garden style variety stupidity here. Sulberger stupidity comes on a massive scale of unerringly poor judgement in almost every major business decision. The prime culprit of Sulzberger stupidity is the New York Times heir, Arthur Ochs ("Pinch") Sulzberger Jr. although it seems that lack of judgement is also a trademark with the other branches of the extended family, which includes the Goldens and the Cohens, to the extent that there is a good chance that the 27 members of the fifth generation of the Ochs-Sulzberger family (founded by Adoph Simon Ochs) could well be the last generation of that clan to profit from the New York Times....

One thing that would cause the fifth generation to take a sudden interest in the family business is a decrease in trust income. “Once that dividend is cut, then all hell will break loose,” says a former Times executive. “Because that’s what the family lives on. Then it’s over. It’s going to unravel. They’re going to be forced to look for external professional management to run that company....”

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