I truly feel sorry for anyone dumb enough to own shares in this RAG of a business. Except for shorting this garbage dinosaur of a business. It should become a privatly owned Sulzberger travesty. OOPS never mind! You're an idiot if you own shares and your last name isn't Sulzberger or Ochs. Get out while you still can Bankruptcy is coming SOON.
Yes they're going bankrupt, that's why they have NO LONG-TERM DEBT, that's why they've increased digital subscribers every quarter since they first put up the paywall, that's why they repaid that $250M loan from Carlos Slim THREE YEARS EARLY, that's they've had positive free cash flow for the past 10 years, and why they've had increasing free cash flow since 2009.
That Slim loan was so expensive and so bad the Slimes had no choice but to pay it off. They have no long term debt because no reputable bank will take on the risk. That's why Slim entered the picture in the first place with his scheister loan. Readership is drying up. Their working capital is over valued and obsolete.Advertising rates should be falling in tandem with the readership diaspora. The brand name is tarnished and now seen as a propaganda rag. Got WMD's? .