The New York Times Co. posted a $648 million loss for the fourth quarter as it absorbed an $814.4 million expense to write down the value of its struggling New England properties, the Boston Globe and the Worcester Telegram & Gazette.
It’s fun to watch editors with no business acumen calling the shots and rearranging the deck chairs as the big old ship, New York Times takes on water.
The top editors made a space for the former LA Times editor, Dean Baquet. You have to wonder what hard-working, award-winning New York Times editors think of that, especially the next time there is another round of layoffs. Baquet was reported hoping and holding out for new owners of the LA Times to have him “back at the helm.”
“it became clearer and clearer to me that the New York Times was the place where I belonged now,” Baquet said.
Would Senator Biden think that Baquet is “clean and well spoken?”