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‘The Failing New York Times’ (aka Slimes) Stock Plunges After Company Reports Continued Declines In Advertising

By Tyler Durden | 7 November 2019

ZERO HEDGE — The failing New York Times may not just be a cute nickname anymore.

Stock of the company plunged as much as 7% on Wednesday, finishing the session down about 4%, on news that its revenue from advertising continues to decline.

The company reported this week that ad revenue for its print version is down 9.7% year over year and down 17.2% for its digital version. Print advertising fell 7.9% while digital advertising fell 5.4%. Despite this, the company also reported a jump in subscribers, to 4 million digital-only and 4.9 million total subscribers. […]

1 Comment on ‘The Failing New York Times’ (aka Slimes) Stock Plunges After Company Reports Continued Declines In Advertising

  1. Maybe they should fashion their news articles as tweets in order to comply with the diminishing IQ of their Leftist base.

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