How Can The New York Times Be Worth So Little?

The huge slowdown in ad dollars has hit the Times hard, and the parent company's stock is worth about half what it was a year ago
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On Wednesday, New York Times Co. (NYT) reported disappointing second-quarter earnings, and on Thursday the stock continued in its steep descent. At the end of trading it stood at 12.48, or virtually half the price it commanded one year ago.

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