24 January 2009

This Just In

Is the New York Times going out of business? The Wall Street Journal, which apparently is not going out of business, predicts it will, despite the $250 million loan that super-rich Carlos Slim gave it. The Times is paying over 14% on that loan, which is not a good sign. The economy is tough on everyone right now, even America's newspaper of record. The passing of the Times would be the end of an era.

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