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On Fun With New York Times Numbers

In December 2004, the Times stock was trading at $41.00 per share. Today it is at $14.77. The stock has cratered over the last decade. Revenues in 2004 were 3.3 Billion. In 2013, revenues were 1.58 Billion. That is a 50% decline in revenues over the past decade.

I am not one to defend Keller, but the NY Times in 2014 or 2011 is half the company that it was when he took over in 2003. Keller's contract was based on a highly valued company with a bright future. Abramson's contract was based on a company in an unrelenting collapse in a decimated industry.

Should we be surprised that executive compensation has declined in a company that has seen its entire industry collapse over the past decade? Shed all the tears you want over the injustices imposed on the 1%, but I think the cause of social justice lies elsewhere.

Posted on May 16, 2014 at 10:57 am 0

On The Artisanal Troll

How is the post "orientalist?" Are you remotely familiar with the manuscript in question?

Posted on May 15, 2014 at 11:08 am 0

On Let's Call It 'Apple Privilege'

But then isn't Apple's acquisition of Beats a form of Cultural Appropriation?

Posted on May 9, 2014 at 1:26 pm 2

On Matt Berry Is 40

I thought Garth Marenghi was that age in the 80's.

Posted on May 2, 2014 at 1:47 pm 0

On The Shape of Internet for All

Cellphone charging stations would be appreciated.

Posted on May 2, 2014 at 1:46 pm 1

On Andy Bell Is 50

Liking this song does not make you gay.

Liking Mazda Miatas is what makes you gay.

Posted on April 25, 2014 at 3:08 pm 0

On How Jeb Bush Loses On Super Tuesday, 2016

How does Ross Perot fit into all this?

Posted on April 21, 2014 at 11:33 am 1

On Train Terrible

@jfruh The thinking is that a dedicated line will encourage further development as it shows a commitment to the waterfront. In particular, attracting office developments as opposed to strictly residential. The MTA has a waterfront dedicated bus, the B32, that now that runs up Kent to LIC. It is a total dud and runs every 30 minutes. I think a streetcar works if it has a dedicated lane separated from traffic as in SF and many other cities. I highly doubt the MTA is open to change and introducing a new means of transit is unlikely in an inept, staid bureaucratic agency like the MTA. I am sure if they can find a way, they will spend millions "studying" the proposal through 2025.

This is a line that should be developed now as the development has already reach a critical mass. The Domino development will bring in many more residents and office space that would greatly benefit from a dedicated line. Bloomberg could have pulled this off, DeBlasio not so much.

Posted on April 21, 2014 at 10:58 am 0

On Train Terrible

@brianvan The G train only nominally serves the waterfront in Greenpoint, for most of the line it does not overlap with this proposal.

Posted on April 21, 2014 at 10:44 am 0

On Bad News For People Who Loved 'Good News'

I feel ya, bruh. MM will always be a "new" band to me. My go-to driving through Wyoming music.

Posted on April 7, 2014 at 8:16 pm 0