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Print is dead. Long Live Print.

By Mark Coates ⋅ July 28, 2008 ⋅ Email this post Email this post ⋅ Print this post ⋅ Post a comment

the New York Times, panting to the finish line?

On Wednesday, New York Times Co. (NYT) reported disappointing second-quarter earnings, and on Thursday the stock continued in its steep descent.

At the end of trading it stood at 12.48, or virtually half the price it commanded one year ago.

Web 2-uh-oh.
This part of the story is unsurprising, given how the Street is slamming any newspaper stock.
What’s startling is something else: If you back out much of the rest of the company’s portfolio, you arrive at a surprisingly teeny valuation for the vaunted New York Times itself, despite all the respect the brand commands.
How Can The New York Times Be Worth So Little?

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Oddly Zen by Mark Coates is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. Derived from a blog post on Oddly Zen.