NT Times Stock Down 60% in 5 Years, Still Giving Discounts to Liberal Anti-War Groups...

(Chart courtesy of Yahoo)

Should a company who's stock has gone from $50 to $19.80 in five years be handing out discounts to liberal special interest groups totaling $77,500?  If I was unlucky enough to be a shareholder, I would be asking some serious questions....

The old gray lady has some explaining to do.

Officials at the New York Times have admitted a liberal activist group was permitted to pay half the rate it should have for a provocative ad condemning U.S. Iraq commander Gen. David Petraeus.

The MoveOn ad, which cast Petraeus as "General Betray Us" and attacked his truthfulness, ran on the same day the commander made a highly anticipated appearance before Congress.

But since the liberal group paid the standby rate of $64,575 for the full-page ad, it should not have been guaranteed to run on Sept. 10, the day Petraeus warned Congress against a rapid withdrawal of troops from Iraq, Times personnel said.

"We made a mistake," Catherine Mathis, vice president of corporate communications for The Times, told the newspaper's public editor.

The group should have paid $142,083 to ensure placement that day.

Rest here>>

W Zip

Comments

[Elric66]

Let them go down with their ship. This is good news for me.

[JDAM]

Yes it is Elric