Gary North on current economic affairs and investment marketsGary North -- Specific Answers
HomeContact MeTell a FriendText SizeSearchMember Area
Gain immediate access to all of our current articles, the question-and-answer forums, dozens of free books, and article archives. Click here for details on how to join.

About This Site
Academic Gaps
Articles
Capitalism and the Bible
Clichés of Protectionism
College Finances
Debt Management
Ellen Brown: Critique
Federal Reserve Charts
Gary North's Free Books
Get Published Here!
Gold Price & My Report
Keynes Project
Price Index (U.S.A.)
Questions for Jim Wallis
Remnant Review
Social Security/Medicare
Sustained Revival
Tea Party Economist
U.S. Debt Clock
Yield Curve
Your YouTube Channel
Gary North's Miscellany
Advertising
Blogging
Budgeting for Wealth
Business Start-Up
Career Advancement
Digital Tools
Education That Works
Evernote: Free Notes
Federal Reserve Policy
Fireproof Your Job
Goal-Setting for Success
Great Default
Inheritance Strategies
Insurance
International Investing
Investment Basics
Job and Calling
Keynesian Economics
Leadership
Marketing Case Studies
Obamanomics
Precious Metals
Real Estate
Retirement
Safe Places
State of the Economy
Stocks and Bonds
Study Habits
Video Channel Profits
Members' Free Manuals
Our Products
Contact Me
Help
Tell a Friend
Text Size
Your Account
My 100% Guarantee
Privacy Policy
Terms of Use


This site powered by MemberGate

Why I Hung Up on a New York Times Reporter

Gary North
Printer-Friendly Format

April 30, 2011

Yesterday morning, a New York Times Op-Ed writer called me. He wanted to write a piece where I am quoted. I chose not to talk to him.

I asked him straight out: "How did you get my phone number?" He said a staffer had retrieved it. The number is unlisted.

I told him I was busy. I was in the middle of my monthly Remnant Review piece. I had a deadline to meet.

I told him to compliment his researcher.

I choose not to give interviews, except on rare occasions. I know how the game is played. It's called selective quotation. I figure if an Op-Ed guy is after me, he will be highly selective.

If he has some published quotations from me, he can cite them. They are public. They are for citing. But the "phone interview" game I will not tolerate. I would have no record of what I said. The reader has no way to be sure I said it. The writer will not run the article by me to make sure that I approve.

He said he would say I refused to talk. Fair enough. I surely did.

He had to invade my privacy to get even that much out of me. He has the ethics of a telemarketer, but without the respect for sales.

The Times is slowly going bankrupt. Print media are dying. The Times is flailing around, desperately trying to find a revenue model that will work. It won't find it.

In February, Mashable ran a story on the Times. Digital advertising revenues were up by 11.1% year to year, but this did not offset a 7.2% decline in print revenue. Overall revenue fell 2.9% in the 4th quarter of 2010, compared to 4th quarter 2009. Circulation revenue declined 3.1%.

Overall profit fell a full 26% compared to the same period in 2009. The company reported a profit of $67.1 million for the quarter, compared to a profit of $90.9 million in Q4 2009.

I note that 2009 was a recession year.

Janet Robinson, President and CEO, said this: "visibility remains limited." Visibility is clear to the rest of us. The Times is the Titanic. It has hit the iceberg.

Here is an April 21 press release from the Times.

NEW YORK, Apr 21, 2011 (BUSINESS WIRE) -- The New York Times Company (NYSE: NYT) announced today 2011 first-quarter diluted earnings per share of $.04 per share compared with $.08 in the same period of 2010. Excluding severance and the special items discussed below, diluted earnings per share were $.02 per share in the first quarter of 2011 compared with $.11 in the first quarter of 2010.

Operating profit was $31.1 million in the first quarter of 2011 compared with $52.7 million in the same period of 2010. Excluding depreciation, amortization and severance, operating profit was $60.5 million in the first quarter of 2011 compared with $83.3 million in the first quarter of 2010.

Profits are fading fast. It is clear what is happening. The Times is going belly-up.

Janet Robinson is the right woman for the job. She is a master of the art of spin.

"Our operating performance reflects the continuing transformation of our Company, which intersected with an important milestone in the first quarter," said Janet L. Robinson, president and chief executive officer, The New York Times Company. "While the challenges for our Company and for the larger economy are not yet behind us, the recent launch of Times digital subscription packages on NYTimes.com and across other digital platforms brings our plan for a new revenue stream to life, offering us another reason for optimism about the future of our Company."

The staff will be cut. The influence of the paper will fade. It has faded considerably already. The joy within the conservative world will increase.

At least my caller has a career escape hatch. He can become a telemarketer.

His researcher is really good. That person does have a future -- in police work, bail bond jumper tracking, or even the CIA.

This video will cheer you up. The Daily Show clearly sees the future of the Times.

The Daily Show With Jon StewartMon - Thurs 11p / 10c
End Times
thedailyshow.com
Daily Show
Full Episodes
Political HumorJason Jones in Iran



Printer-Friendly Format
 Tip of the Week
Sign up for my free
Tip of the Week
Verification Characters:    Type     5  I  E  X  8     here   


Tip of the week archives
On what this icon
means, and how it
can help you,
click here
 Q & A Forums
General Q&A Forum
Advertising and Resumés
Affiliates
American History Topics
Backyard Food Gardening
Banking and Politics
Blog Sites and Web Sites
Books Worth Reading
Bumper Sticker Slogans
Business Forum
Buying Smart
Christian Service Forum
College -- The Cheap Way
Copywriting
Education Alternatives
Food Storage
For Women Only
Fukushima
GNC Benefits
GNC Testimonials
Gold and Silver
Great Default Forum
Health and Diet
Health Insurance
Homeschooling
Investments Forum
Iran War
Job, Calling, and Career
Leadership Development
Legacy Building
Less Dependent Living
Local Political Action
Non-Retirement Forum
One Good Idea
Police State
Privacy
Public Speaking
Real Estate Forum
Remnant Review Forum
Safe Places Forum
Taxation Policy
Typographical Errors
Video Production Basics

 Archives
Reality Check
 Discussion Forum
Search Discussion


Recent Forum Posts
• INVESTING IN TAX LIENS
• monetary deceleration will bring a bust
• Sell some Mineral Rights?
• Amazon versus Walmart
• why do you say public stock investors are doomed?
• silver purchase
• My grandparents are retired with 220k
• Probate Investing
• Gold Purchase
• Shipping Containers
• Job Candidacy
• an unconventional guide to investing...
• Strong Dollar
• Foreign Currencies
• Watch Junk Bonds For Early Warnings Of Fin. Crisis
• INVESTING IN TAX LIENS
• Rental Strategy
• Foundation Issues
• Any idea how to market a property to Chinese?
• Buying from a distressed seller
• Menacarow and The Paper Source
• What value should you place on a neighborhood?
• What to Do with Bay Area Home Equity?
• Reverberations from city of Dallas’ HUD discrimina
• “Affirmatively Furthering Fair Housing
• Renting to college students
• On Making an Offer
• SEC Commissioner Warns of Financial Crisis
• Big Data for real estate?
• flooring for rentals
• Survivor library
• Missle Silo converted to Condos
• Does the South suck?
• Moving TO the US?
• No City for Old People
• Will you die getting to your bug out location?
• teaching English overseas - some questions
• The state with the most Liberty
• Switzerland and Firearms
• On "Zip Code Searching On The Web"
• Crash Course in becoming an Expat
• Anyone tried Puerto Rico?
• Chattanooga, Tennessee
• Middle Class squeezed out of Chicago
• An Article on Chile
• Sudden Wealth Advice
• Sudden Wealth Advice
• Question on Traditional Pensions
• advice on how do I interact with my older parents?
• Do You Sincerely Want to Be Rich? Why?
• Req. For No 401(k)/Other Pensions via Relocatio
• Cashing out 401K to pay student debt?
• SS @ 62 and still working
• Desolation or Prosperity?
• I take it Retirement Armageddon is not available
• Post Retirement Career
• Social Security - when to start collecting
• 401K Risk
• Detroit Retirees Fight 83% Health Care Cut
• Lump Sum Early DROP
• 401k. Worth it, or no?
• Chickens as an investment
• Why did Ferguson prosecuting attorney..........?
• Success Story of Divorced Wife
• Walmart, workers and 50% plus 1
• Baxter today, Amelia in two weeks?
• U.N. Arms Trade Treaty
• On line school in CA
• Distractions Disrupting Self-Dicipline
• Finger in the Wind vs. Seize the Day: Amnesty Annu
• Dying Christian women
• Problem: Recovering from an Initial Error in Start
• Recovering from an Initial Error in Starting a New
• best way to communicate with group
• Stupidity- The most common element in the Universe
• Should I Advertise Here?
• Initial Price - Rule of Thumb
• Janitorial business start up
• Targeted market research?
• Product or service
• Food Service Start Up
• I've been encouraged to start two side businesses
• book keeping as a home based career?
• book on getting organized
• how to decide on a price for my subscription site?
• HP plans to make 3-D printing everyday thing
• Attn eBay'ers: Turbo Lister 2
• 5 Business lessons from Escort (USP)
• Value of Equity in a small business
• Idea for a reality show--"Do That Job!"