Jack Risko of Dinocrat.com listened to the webcast of the Times' presentation at the Newspaper Association of America conference a couple of weeks ago, and is decidedly unimpressed. While most critics of the Times focus on its journalistsic slant, the company continues to give evidence of very bad management, a continuing problem that has shown up in a drastic decline in its common stock price in the past year or more. This is a disaster that Jack and I have both long warned of.
Jack has some very sensible recommendations for the NYTCo to redress some of its serious problems. I would be very surprised if the company acts on them, however. There is a financial crisis slowly brewing. It is not yet too late to reverse course and save the company. But that would require subordinating the demands of ego at the very top level of the company's management.
In Greek drama, hubris was often at the root of large tragedies.
Thomas Lifson 7 5 06