Diary

El Times de Nuevo York (US Edition)

The New York Times has fallen on hard times. Layoffs abound, here, here, and of course here. And really, who can blame them, readership is declining and ad revenues are drying up.

Normally in business at this point the leadership, the Chairman of the Board, Arthur O. Sulzberger, Jr., if you will would demand that they look into why business was failing and institute changes in order to survive. And here we have their change:

Find a Sugar Daddy.

Mexican telecommunications tycoon Carlos Slim Helú, the world’s second richest man, has become the third largest outside shareholder of the New York Times, after reporting a 6.4 per cent stake worth $127m. –LINK

But I am not impressed. For I believe that our good friends at the Times will continue to produce biased positions and headlines like:

Parsing Gains of Gaza War: Have three weeks of overpowering war by Israel weakened Hamas as Israel had hoped, or simply caused acute human suffering?

Rulings of Improper Detentions in Cuba as the Bush Era Closes: At least 24 detainees at Guantánamo Bay have been declared improperly held in the last three months.

Israel Shells U.N. Site in Gaza, Drawing Fresh Condemnation: In addition to the strike on the United Nations compound, an Israeli bombing killed a senior Hamas official in Gaza.