New York Times

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Dow Rises 246 on Rosy Bank News
 Dow Rises 246 
 on Rosy Bank News
MARKETS
Apr 9, 2009 3:23 PM CDT

Dow Rises 246 on Rosy Bank News

Rosy NYT report on Treasury 'stress tests' fuels risk appetite

(Newser) - Surging financial stocks spurred a broader rally today, the Wall Street Journal reports. A New York Times report that all 19 banks facing Treasury “stress tests” will pass boosted shares in a sector already buoyed by a strong Wells Fargo earnings forecast. The Dow rose 246.27 to close...

Google Pay-for-News Scheme Ignores Reality

(Newser) - Google CEO Eric Schmidt's proposed model for online newspapers calls for a cable TV-like approach to subscription content, with tiers like free, basic, and premium. His ideas not only come too late, but they're “deeply flawed,” Douglas A. McIntyre writes for 24/7 Wall Street. And "even if...

Death of Newspapers Won't Kill the News

(Newser) - Before newspapers held sway over politicians and maintained monopolies under federal anti-trust exemptions, they were a service people were willing to pay for, Michael Kinsley writes in the Washington Post. Even if “technology is on the verge of removing some traditionally vital organs of the body politic,” they...

NYT Threatens to Shut Boston Globe

Unions given ultimatum over cutbacks

(Newser) - The New York Times has told the Boston Globe it will shutter the newspaper if unions don't swiftly agree to $20 million in concessions, the Boston Herald reports. The parent company told union leaders Thursday that the Globe is on course to lose $85 million this year unless serious cutbacks...

Murdoch: Papers Need to Charge for Web Access

Journal subscription plan 'not a gold mine, but it's not bad'

(Newser) - The New York Times ought to be charging people to read its content, and so should every other newspaper that wants to survive, Rupert Murdoch said today. “People reading news for free on the Web, that’s got to change,” the News Corp chief said at a Washington...

Sulzberger: the Wrong Savior for the New York Times

(Newser) - Newspaper scion Arthur Sulzberger Jr., who "has spent a lifetime faithfully placing his feet in his father’s footsteps," Mark Bowden writes in Vanity Fair, may be exactly the wrong guy to pull the New York Times out of the financial death spiral it seems to be in....

Times Cuts Salaries, Jobs; Post Offers More Buyouts

(Newser) - The economic crisis and outdated business models are forcing steep cuts at three venerable news organizations. The New York Times today announced a 5% pay cut for all employees, who were offered 10 extra days off as compensation, "in a spirit of shared sacrifice and as a way to...

Obama Blanked Top Papers But Took Tough Questions
Obama Blanked Top Papers But Took Tough Questions
ANALYSIS
Mar 25, 2009 6:40 AM CDT

Obama Blanked Top Papers But Took Tough Questions

But president endured tougher questioning than last conference

(Newser) - President Obama bypassed reporters from the New York Times, Washington Post, Wall Street Journal, and other major papers last night, instead taking questions from Spanish-language TV station Univision and military newspaper Stars and Stripes. Yet the president faced tougher questions than at his first press conference, often in the form...

Why Obama's Everywhere You Look, Listen, Read

President looks to get past media filter

(Newser) - When it came to getting past what he called “the media filter,” President Bush’s favorite strategy was to go around it. President Obama’s style is more to go over, under, around, and through, courting both the new and mainstream media in an effort to communicate directly...

Hey Paul Krugman, Your Country Needs You

Why aren't you in the administration?

(Newser) - The latest video to shake up YouTube is a song plea that critical columnist Paul Krugman join the Obama administration and fix the economy. "Hey Paul Krugman, where the hell are you, man? Why aren't you in the administration?" sings songwriter Jonathan Mann. "When I listen to you...

Old Gray Lady Grabs Obama by the Ear

Krugman, Friedman, Dowd, Rich, editorial board all pile on prez

(Newser) - The Obama administration bore an avalanche of criticism this weekend from the usually friendly New York Times. Influential columnists Paul Krugman, Frank Rich, Thomas Friedman, and Maureen Dowd—plus the paper’s editorial board—all piled on a president who “is increasingly overwhelmed, and not fully appreciative of the...

White House Foists Bonus Blame on Dodd
White House Foists Bonus Blame on Dodd
OPINION
Mar 18, 2009 9:31 AM CDT

White House Foists Bonus Blame on Dodd

Guilty Obama officials seek to shift AIG fault, press plays along

(Newser) - The White House is trying to pass the AIG bonus blame to Sen. Chris Dodd, pointing to his hand in an executive-compensation clause inserted into the stimulus bill—and journalists are letting it happen, writes Glenn Greenwald in Salon. Actually, the bonuses were only possible because the Obama administration insisted...

Times Fills Kristol Slot: Ross Douthat of Atlantic

(Newser) - The New York Times has found its replacement for William Kristol’s column from the right—Ross Douthat of the Atlantic. Douthat, 29, will start mostly online next month but will eventually appear on Mondays opposite Paul Krugman, reports the Columbia Journalism Review, quoting a Times email. He’ll also...

Times Co. Sells HQ for $225M
 Times Co. Sells HQ for $225M 
Mar 9, 2009 8:51 AM CDT

Times Co. Sells HQ for $225M

Debt-laden paper enters sale-leaseback with investment firm

(Newser) - The New York Times Company has raised $225 million through a sale-leaseback of its Eighth Avenue skyscraper, it announced this morning. The deal gives investment firm WP Carey ownership of the Times' share of the Renzo Piano-designed headquarters, which the newspaper moved into in 2007. The company will then lease...

Credit Crisis Shocked Big Papers—but Why?

Only a few outlets warned of subprime collapse

(Newser) - If the financial crisis shocked news readers—and it did—it must have surprised news writers as well, David Folkenflik reasons on NPR. He surveyed major US publications and, sure enough, found few warnings of financial doom pre-meltdown. A New York Times columnist explained it this way: "As...

White House Reporters Trade Puff for Access
White House Reporters Trade Puff for Access
ANALYSIS
Mar 4, 2009 1:22 PM CST

White House Reporters Trade Puff for Access

The 'beat sweetener' laudatory profile is early-term tradition

(Newser) - Readers of just about any national news outlet might’ve noticed a flood of good press about top White House aides lately. It’s not coincidence, and it’s not bias, Michael Calderone writes for Politico. Called a “beat sweetener,” such pieces aim to cultivate sources by praising...

Climate Alarmists Are Off Base: George Will

Only one fact debated; 'that challenge was mistaken': Will

(Newser) - George Will set off a flurry of criticism this month with a column that questioned global warming. In his Post column today, he's not backing down, taking particular aim at the New York Times—long “a megaphone for the alarmed.” A Times article by Andrew Revkin asserted that...

Oops! NYT Posts Obama Hottie's Number

But photo containing Favreau's digits quickly taken down

(Newser) - It wasn't next to "For a good time, call," but the New York Times inadvertently published the digits of hot young Obama speechwriter Jon Favreau last night in a slideshow devoted to the president's speech. The photo, a closeup of Obama's hand next to his speech, appears to...

Times, McCain Lobbyist Spar Over Settlement

Lobbyist claims to have extracted a retraction; paper disagrees

(Newser) - Vicki Iseman’s lawsuit against the New York Times ended not with money changing hands, or a retraction, but with what Iseman’s lawyer have dubbed a retraction of an "implication"—which allows both parties to declare victory, Politico reports. The paper issued a statement that it never...

Lobbyist Linked to McCain Ends Times Suit

Iseman settles with no payment or retraction; article implied affair

(Newser) - Vicki Iseman, the lobbyist whose relationship with John McCain was the subject of an explosive New York Times article during the 2008 campaign, has settled her lawsuit against the paper. Iseman will receive no payment, and the Times has not retracted the article, which seemed to imply that she and...

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