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The New York Times' Revenue Since Hiring Paul Krugman
Things at the NYT are not going quite as planned. From the FT:
A fall in advertising sales and stepped-up investment in digital products sapped second-quarter profit at the New York Times as the publisher forecast flat circulation revenue and further declines in advertising in the coming months.
Net income of $9.2m, or 6 cents a share, was down 54 per cent from $20.1m, or 13 cents a share, a year ago. Adjusted operating profit, which strips out some one-time items including retirement costs and depreciation, fell 21 per cent to $55.7m.
A trio of digital offerings – the NYT Now app, targeted at mobile users, a standalone opinion app and a higher-priced premium subscription service – helped lift circulation revenues in the quarter. But the company said subscriber growth for its website and core mobile app had flagged, and said it needed to do a better job of marketing its offerings to the right audiences.
Or another way of showing it, here are the NYT's revenues since hiring Paul Krugman as an Op-Ed columnist. Correlation or causation?
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100% Causation!
Caucasianation
New Normal-ization.
You've been Krugmanned.
Pulp Fiction, FTMFW!
Good one Tyler!
Libtardism is the disease. Krugman is just a symptom.
Causation, but in a more complex way. Not Kruggy's fault per say, just the idea that any publication that would print his drivel lacks the type of value that anyone will want to pay for.
Good!
Now can we put Krugman on a Malaysian Air flight over Liberia that gets blow apart by an Ebola armed missile then vaporized by a massive solar EMP followed by a recall of the plane for a faulty ignition switch!?
They just need to go earnings negative and build large deficits to live in Krugman's dream world.
All depends on whatchu think of Paul, right?
Then again, Maureen Dowd and Tom Freidman haven't been exactly intellectual pillars either, no?
The Krugmeister might have something to do with the decline of the NYT, but I have to think that people are finally waking up and realizing they have been lied to for decades by the NYT and the rest of the MSM... Just say no to their ad and subscription requests... Personally, I wouldn't let my dog take a crap on a copy of the NYT...
I think he would agree that he would be a better columnist if they would just stimulate him more.
Krugman never seems to use Japan as an example of the success of the policies he expounds. I wonder why??...
" if they would just stimulate him more."
Huh? Who.. Maureen Dowd?
I hate the New York Times' Paul.
I live in his crystal ball
where everything rises
(especially the prices)
And only my earnings can fall.
If Robert Redford stood outside the NYT today like he did in 3 Day of the Condor, Cliff Roberston could cap his ass and nobody would notice, that is how irrelenvant NYT and Klugface is.
A little, I mean a lot, of weed in the newsroom will lift all bongs....or is that boats full of weed will lift all buds....giggles.....pass the stash...Obama's coming to share his stash....giggles.....more giggles...legalize Ebola we'll smoke it....more giggles......
Caucasion bitchezz!!!!!
brrrrp.
Cool! I knew he'd be good for something.
He's not actually
...and anytime he sees a downsided chart his knee-jerk reaction is to call 'War' as a stimulus so please don't show it to him
Much like the fact that his middle name is robin, as is the name of his wife and ex wife, I think he is imbued with some sort of malevolent spirit which tends to lend itself to synchronicities like the grand mal seizure that is the revenue base.
How many millions of trees have these vile propagandists at the NY Times murdered? How many forests have they destroyed?
Too goddamned many. Same goes for the rolls of toilet paper that rubenesque troll has murdered thanks to his doubtless suspect diet judging my his aerodynamic pear shape.
Paper pulp is derived mostly from managed forrests, tree farms and recycling. Many jobs. Thank you for buying the Times.
Nothing revenue wise that a little space alien invasion of the NYT wouldn't solve.
http://newsbusters.org/blogs/noel-sheppard/2011/08/14/paul-krugman-calls...
Somebody is payin' him?
Since he worships paper he get's paper. Or he works for the paper. Whatever.
They need to break some windows.
Broken windows at the Times would profit NYC glaziers. What the Times needs is a good World War.
But take money from the doughnut stands 'cause it was used to pay the glaziers instead.
It comes standard on an Obama phone as an app......but I would never ever buy one for any reason...trash is just that ...trash
"All the news that's print to fit"
the right audience = libs who like the slimes slant and propaganda?
I guess you have a real short memory, and forget how the New York Times - not slimes, stop being a child - carried the water for the Cheney Administration and parroted its propaganda on the march toward the ill-fated invasion of Iraq.
A "liberal" newspaper wouldn't have done that.
the last thing i read from the times was a series of articles on drugs and horse racing a few years back. i admit, they could be totally rino by now and i wouldn't know it. as for propaganda i know damn well they haven't quit because they all do it.
A "liberal" newspaper would do that if they had an overwhelming subscriber/advertiser base supporting Israel.
Yeah - and liberals would never vote for or support said war either...except many did.
Al Franken (supported), Biden, Hillary, Schumer, Edwards, Feinstein, Reid...
"I guess you have a real short memory, and forget how the New York Times - not slimes, stop being a child - carried the water for the Cheney Administration and parroted its propaganda on the march toward the ill-fated invasion of Iraq. A "liberal" newspaper wouldn't have done that."
You are almost there. Now, who REALLY benefited from the invasion of Iraq? The answer to that is the answer to who really runs and controls the DC US.
http://www.globalresearch.ca/greater-israel-the-zionist-plan-for-the-mid...
"Liberal, conservative, neo-con, Republican, Democrat, etc. are like the costumes of the players in a theatrical play."
Well, one has to admit, Colon Pal and his little vial of dishsoap was pretty convincing.
CORRECTION: "...are like the costumes of the players in a really
bad 'B' rated theatrical play".
there, fixed it.
Not too worry, the Government will make sure that the NY Times survives. How else would the White house distribute its talking points for the day or decide what stories are talked about on all the other papers and TV "news" stations.
IF MORE PEOPLE WOULD SIMPLY RIP UP THE PAPER, IT WOULD CREATE A BOOM FOR MORE DIGITAL SUBSCRIBERS (AND POSSIBLY SCOTCH TAPE), THEREBY STIMULATING THE ECONOMY. - PAUL KRUGMAN
I think it was Krugman who coined the phrase, "Just wait for it..."
NYT- you reap what you sow.
+1 Couldn't agree more.
The irony of this piece is it's exactly the kind of skewed logic Krugman uses to browbeat his targets.
Causation!!! Bitchezzzz!
The fact that the MSM only offered statist propaganda gave an opening for the truth seeking internet to destroy their revenue stream. The market is clearly saying no to what they are selling, and it will only get worse. Even though the NYTs is in the paper business they won't be able to print their way out of this mess.
Yeah, +1 for that. I dislike Krugman as much as the next capable-of-independent-thought human, but he's only a part of the problem with the NYT. I'm usually extremely pessimistic when it comes to anything that requires thought by the average american, but I find declining sales for this rag to be a very positive sign.
The NYT is indeed engaged in biased reporting and propaganda, as well as purported tutelage to a quite dumbed-down would-be gentry. Nevertheless, the main reason for its declining sales is that, with few exceptions, no one reads anymore at all.
In 2007, when Norman Mailer died, no one at Minetta Tavern, spending $200 per person on dinner, could tell me who he was.
Re ...purported tutelage to a quite dumbed-down would-be gentry
Sheer poetry!
Agreed, Dr. E., but what worries me in this matter is the vulnerability of internet. If the TPTB/MSM-tandem would feel this particular medium is publishing too many invonvenient facts or opinions, they could decide to take it down, at least in part (if they have any common sense - a total black out would raise too many questions). The public doesn't control this thing, they do. Would be a brightly flashing red light, though.
Ever experienced a long-term power failure? It disorientates your daily life quite quickly. I suppose a long-term internet failure will play havoc with your opinion forming in pretty much the same way.
Totally agree. I believe that dirty actions of some sort will be taken to stem the rise of Internet blogs and websites which provide critical analysis of the relentless State propaganda spewed by MSM.
The abandonment of Net Neutrality is one action that's happening but there will be others. DDoS attacks secretly orchestrated by .gov will be another. Legal actions against individual bloggers for going over the line will be another. Many more.
Has to be their own rhetoric, blame it on the weather.
Yep - Global Warming. Got to save the trees.
Readers voting with their feat -- bye-bye NYT.
Or with their feet. Quite a feat, indeed.
NYT is getting backdoor QE money to put forth propaganda, same goes for CNN, NBC, ABC, CBS and FOX, it's all too coordinated to be a mistake.
"Mockingbird" -- Inez and Charlie Fox
https://www.youtube.com/watch?v=Mp1bHy3JjOU
Assholeization
Overpriced rag.
Krugman just added more yellow.
http://en.wikipedia.org/wiki/Yellow_journalism
Personally, I think they didn't hire enough Paul Krugmans. If only they would see the light.
Fucking Austerian customers!
"and said it needed to do a better job of marketing its offerings to the right audiences"
Obviously an error. Should be:
"and said it needed to do a better job of marketing its offerings to the left audiences"
Fixed it.
I'm waiting for the Paul Krugman dart board app. You can play it with multiple users. Who ever wins gets to kick an image of Krugman in the balls, or hit him in the head with a claw hammer by pressing the ctrl-p buttons on their keyboard.
Can't we have both causation and correlation?
"Why not both?" was what immediately came to my mind.
The only way Republicans now know what's in the NYT is what Fox News folks tell them. So that leaves elitist liberals living in NYC and the younguns don't read papers any more.
Even fewer do crossword puzzles, which from what I can tell, is the only true value the paper ever contained for the reader.
Johnny horton - Devil Made A Masterpiece
http://www.youtube.com/watch?v=UmBzR4Wsevg (2:25)
Oh no, it would be much worse without Krugman!
They need to hire fifty more just like him.
HA, funny one. But, unfortunately no.
Paul reckons if their Head Office is burned down then they would sell more papers.
"All the CIA and Ashkenazi propaganda that's fit to print."
NYT’s paper can still be used for the following purposes.
You forgot about wiping your arse when you run out of bog roll at 4am.
HERES JOHNNY!!!!!!!
http://www.youtube.com/watch?v=NV4xo_rF-oo (0:10)
Wonkish!
Well of course it's down, it's because of AUSTERITY. The NY Times should be printing at least 10x as many newspapers!
Paul says they should print around 100 x more copies than required and burn what is not sold. That will bring the stats. up.
Great chart, but I believe CNBC's ratings since they hired Jim Cramer has plummeted even more!
Where is the credibility chart?
Illusory correlation given that every other newspaper in North America is experiencing the same revenue divebombing straight into Chapter 11. If the New York Fucking Times is going down for the count you can rest assured knowing that the United States of America is going down too.
Give the USA enough rope [read CIA] and it will hang from the gallows
of every country in the world.
WARNING: USA is insolvent and officially insane with DEBT
Correlation or causation?
Neither, Defecation.
Flatulation
Genius! You guys crack me up!
Circulation increased significantly over this past weekend when it sided with those who wish to legalize Marijuana, at the National level, and leave it to the states to decide on the fate of Pot in their jurisdiction. Several other bylines will be forthcoming as to their justification for being advocates of de-criminalizing the growing and use of this plant.
They did not publish the fact that they have taken all of the their retrained earnings, liquidated all cash equivalents and invested it all in the States of Washington and Colorado marijuana farms.
The next quarterly results will reflect sales amounting to $300,000 an hour and the stock will go really high so buy it now on the dip.
"4:20", will replace "all the news that's fit to print", as their motto.
To be fair, I don't know that we can blame Paul for all of that. After all, the paper sucked before he went there, he just helped ensure it's demise.
Krugman: no problem, let´s just take on some more dept and we´ll be fine in the future.... trust me...it´ll work
Falling revenue?
Wait!...it's the NY Times and they have printing presses don't they?
Krugman..wake up man...all you have to do is find some paper stock that feels a little bit like Treasury stock and voila..the NYT can be just as successful as you say the US economy has been
Either that or just pay him more.
Nauseation Kauseation.
Don't worry Krugman has a plan all he needs is a can of gas a book matches and after hours access to the building.
How bout when the collapse is over we never mention stock markets, the FED, Banks, CNBC, CNN or NBC or any of the shit media and corporate fraud organizations again and just concentrate on the de-centralizing and individual empowering properties of crypto-currencies and government by open source software solutions.
The old world rule by aristocracy and manipulation through financial means is dying and will not continue. Technology has ended all wars with nuclear capable nataions except for the possiblity of the last war. Bio-chemestry now makes it possible for even non-nuclear nations and even individuals to be a threat to the entire world.
The Microsoft operating system and the viruses that attacked it could be an analogy to how large centrally controlled organizations are much more vurnerable to viruses when compared to open source solutions. It is inevitable that if humans are to survive into the future it will be through open source government solutions.
Tenured.
If I ever want to read their propoganda (which is seldom):
- select all of the title text
- right click, and select "search internet for..."
This gets around their "pay" wall which is really nothing more than a usability wall. The only reason to access the articles is to laugh at the limousine liberals' comments.
Correlation Is Not Necessarily Causation...
Yes - but in the case of Krugman & declining Haaretz On The Hudson revenues, it probably is.
I'll throw a block-party and invite Krugman -as the Guest Of Honor - the day that rag goes outta business.
The numbers look great! He just prevented it from sliding further, that's all! Jobs saved/created 1. (sarcasm)
moral hazard
NYT = PRAVDA of old......
2 groups of liberals. The more wily group who does not need NYT to get the pulses for their avarice. The remaining group that needs the fixes to their disillusions.
One thing bias or not the New York Times is using either no or fewer bots to write their news. That's the big thing as all news media wants click bait now to ad expsoure revenue so thus the attention grabbing OMG headlines too. Forbes and Pro-Publica use Narrative Science, a bot that does data news. I've tried their free version that write me a story about my Google Analytics just to see what it does and yes it's a very boring verbiage accounting.
The real bot out there though that's patented in Singapore is Long Tail and the creator wrote 10k books with it and put them on Amazon for sale.. It does a lot more w/videos and of course news articles too. You might see your favorate newscaster in cartoon version one day doing the nightly news with whatever the bot puts together for the character to speak..scary. So I guess I'll take Krugman over a bot, agree or not agree, at least it's a human:)
See 2nd video here. The bots on the markets have no problems reading bot generated news...and that's even scarier as is this the next area to manipulate you might wonder? I do.
http://ducknetweb.blogspot.com/2013/12/quantitated-justification-for-bel...
I guess a lot of people aren't willing to pay for propaganda. Go figure.