Saturday, October 22, 2005

Here's proof The New York Times isn't worth what it was.

People may argue whether or how far journalism standards have fallen at The New York Times. But we can agree what's happened to The Times' parent company's stock price the last few years. It's dropped big time while the market hasn't.

The Times is the flagship property of The New York Times Company (NYSE: NYT), which Business Wire reports also owns The International Herald Tribune, The Boston Globe, 16 other newspapers, eight network-affiliated television stations, two New York City radio stations and more than 40 Web sites, including NYTimes.com and Boston.com.

The following price information is from Yahoo finance.

NYT closing price as of 10/21/2005 - 27.09

It's 52 week price range - 26.85 - 41.62

A scan of NYT's 1 year price chart indicates its 52 week high occurred about this time last year.

A chart comparing the NYT's and Dow Jones Industrial Average price movements for the last year is here.

A chart comparing their price movements for the last 2 years in here.

And there's lot's more financial information you can gather about NYT by going here.

How do you explain the drop in NYT's stock price?

Comments welcome.

1 comments:

Anonymous said...

Rational market?

Arent the dinosaur media down something like 2% in readership?

Buggy Whip stock anyone?

-AC