Two stories hit today that underline how the Main Stream Media is fading into the murk.
The New York Times, known at JoshuaPundit as `the paper of refuse' rather than its rather optomistic self-title as `the paper of record released its 3rd quarter earnings staments today to reveal that the NY Times Co. third quarter profits plunged another 39%.
The Times Co. said it earned $14 million, or 10 cents per share, compared with $23.1 milion, or 16 cents per share, in the third quarter of 2005...quite a drop.
In related news, there were major job cuts announced today at NBC, referred to by Drudge as a `peacock slaughter'. NBC said it would cut over 700 jobs, many from the news department...over 5% of it's workforce.
The funny thing is, people are hungry for objective, well written news, but the MSM continues to dish out the same biased puppychow. You'd think they'd have learned by now.
3 comments:
to be pedantic, did you not mean in the third quarter of 2006?
whoopsie.
my bad.
They haven't learned. That's why Fox News and the bloggers are eating their lunch!
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