Media Blog

Pinch in a Pinch?

The New York Times is not hiring:

The company’s shares have fallen by about 30 percent in the past 12 months…Shares fell further on Wednesday after Bank of America analyst Joe Arns cut his rating on the shares to “sell” from “neutral,” saying that luxury advertising, which accounts for nearly a third of the Times’s national ad revenue, could fall if the U.S. economy experienced a recession.

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