Gray Lady to Go Belly Up in 2009?
Here is my favorite prediction for 2009: the New York Times, the appallingly irresponsible flagship publication of the liberal elite establishment, which lays down the marching orders for the propagandists of the alphabet networks, may finally roll over and die next year:
The New York Times (NYT) has to repay $400 million in debt in the first half of 2009. It does not have the money. It plans to mortgage its headquarters, but it is uncertain what that will bring in an uncertain real estate market. The firm’s Boston Globe and regional newspaper operations lose money, so they will be hard to sell. NYT is controlled by the Sulzberger family which has super-majority voting shares. That won’t matter much when the company runs out of money. Another big media operation, perhaps News Corp (NWS) which owns The Wall Street Journal and The New York Post, will come in and auction off what it can and keep the flagship New York Times newspaper and NYTimes.com website.
The Times et al. managed to hype the Moonbat Messiah into the White House, but it may be their last hurrah. Rupert Murdoch of Fox News fame taking control of the Gray Lady’s skeletal remnants would prove there’s such a thing as justice after all. Here’s wishing a Happy New Year to all the barking moonbats on the Slimes’s editorial board!