Times DeSelect

New York Times Cutting 500 Jobs

It's ironic that this layoff announcement came one day after the launch of "TimesSelect," the idiotic move to lock up more content at NYTimes.com. Every day I look at the NYTimes Most Emailed Articles feed, and have already seen a dramatic "layoff" in the number of Op-Ed columns being emailed.

Yesterday I wanted to read Maureen Dowd's article "Message: I Can't," but I Couldn't. Somebody has to tell Artie Sulzberger that the "important steps that position us well to meet the challenges we face" does not include locking loyal readers out.

Get Less with TimesSelect: The Above Writers Have Been 'DeSelected'

All the News(paper) That's Fit to Short

You may remember that I posted a chart of NYT during our Future of the Newspaper Industry chat. Here's an updated look at the monthly chart. The Q3 Guidance given a couple of days ago was hugely worse than I anticipated: 11-14 cents per share?!? Sheesh, what a disaster.

Fuzzy and his band of trend-followers have been short NYT for over a year now, proving once again that the market is "pretty efficient" (as the great Leon Levy used to say).

NYT, Monthly Chart