New York Times Co. says its second-quarter earnings fell 82 percent from the year-ago quarter boosted by a one-time gain. Meanwhile, print advertising revenue continued to shrink.
The New York Times was nicknamed the Gray Lady for its staid appearance and style as shown in the illustration below.
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.’
So where did she go wrong?
Pajamas Media has this to say about the Grey Lady:
Thought of as the newspaper of record for more than 100 years, the Times eventually succumbed to disappearing ad revenue, a catastrophic decline in circulation, and the consequences of a perpetual, unrelenting, obvious and sickening bias exhibited against its political enemies.
Because of her extreme partisan editorial stance, the Gray Lady will get little sympathy from Republicans and moderate, principled Democrats.
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A picture of my cave
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