Thursday, October 23, 2008

The New York Times is running out of money ...

This should cheer Rupert Murdoch and the GOP:
New York Times (NYT) Running On Fumes

... The company has only $46 million of cash. It appears to be burning more than it is taking in--and plugging the hole with debt. Specifically, it is funding operations by rolling over short-term loans--the kind that banks worldwide are cancelling or making prohibitively expensive to save their own skins...
I wonder if Google wants a newspaper ...

I'm astounded. I thought they were doing much better than this. Heck, I used to pay for their online services until they made that free ..,

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