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April 23, 2008

Memo to Chicken Little: Sky holding up, New York Times still in business

By Peter Kirwan MM blog

Yesterday, the New York Times Company held its annual meeting for shareholders in New York.

A sense of crisis envelops the Grey Lady. Rupert Murdoch is cranking up the volume at the Wall Street Journal. And the Sulzberger family has been forced to accommodate two activist investors on its board.

Reporting has tended to focus on what looks like a horrible set of Q1 financials. Here’s how the FT described the numbers, which were released on Thursday night:

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