NEW YORK TIMES
Advice and the Pinch of salt [Denis Boyles]
I went from the New York Times' editorial advice yesterday to Silvio Berlusconi on how to run Italy to today's news that Pinch Sulzberger's New York Times Company doesn't seem to be able to run a newspaper.
According to the Times, the problem's pretty obvious:
The poor showing stemmed from The Times Company’s core news media group, which includes The Times, The Boston Globe and The International Herald Tribune, as well as several regional newspapers.
The decline in first-quarter revenue was 10.6 percent, "the sharpest drop in memory." That's saying something: Pinch has already reduced the value of his media company by more than two-thirds since becoming prime minister of Times Square.
Berlusconi's media company actually makes money. In Italy, no less.
04/17 07:43 PM
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