May 5, 2008

The worst of times at the New York Times

The ‘Gray Lady’ is up to her elbows in financial trouble.

The New York Times was nicknamed the "Gray Lady" for its staid appearance and style. In her heyday the “Lady” was regarded as a ‘newspaper of record’ because it was often relied upon as the ‘official and authoritative reference for modern events.’

In recent years, however, the Times has become editorially slanted to the liberal political left to the extent the paper has become the voice of the radical left-wing of the Democratic Party and as a result has lost much of its prestige.

Is the “Lady” now paying the price for her partisan editorial ways?

A report at the link below says:

New York Times' news room is bracing for a bloodbath in the next 10 days.

The word from inside is that approximately 50 unionized journalists have accepted the buyout proposal, and only another 20 non-union editorial employees have gotten on board.

That means the ax could fall on as many as 30 editorial people in the company's first-ever mass firing of journalists in its 156-year history.

It seems to be the worst of times for the New York Times.

Because of her extreme partisan editorial stance, she will get little sympathy from Republicans and moderate Democrats.

Link