The NY Times could very well be past its time. This dinosaur of old media content is now finally realizing its paper or other options. This is a tough stock to swallow because their must definitely be a catalyst to turn this giant around. The positives are its been done at the Wall Street Journal with Rupert Murdoch, the company finally realizes an increased need for an internet presence, and the family owned company may be ready to move on. Changes will be needed such as a possible sale (maybe to Rupert), acquisitions to grow the company for the future, or finally changing the ownership to position it for growth. NYT is at a point where the valuation makes it interesting, so I am picking up shares at these levels.
$18.51 (05/18/08)
