“For the first time, our members will have a bonus plan that upper management receives,” he said. “It’s nowhere near as generous. But it’s the same structure and the same goals for both sides.”
Poor the share holder.
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.