"Let Them Eat Dog Food!"

That appears to be the opinion of the Sulzbergers, the "royalty" on the New York Times. They're losing money hand over fist, but it hasn't affected the dividends paid to the Sulzberger/Ochs family, who hold voting control even though they only are minority stock owners. They're not even generating enough to pay such dividends without "dipping into the capital," though they recently voted themselves a BIG increase in the size of dividends. If they don't watch out, their stock will degenerate to "junk" status. Meanwhile, employees are being laid off and bought out as they try to cut costs enough to offset reductions in revenue. "Financial pain is for the little people at the New York Times Company, to paraphrase Leona Helmsley." George S. commented: "Fear not, for the federal government is sure to ride to the rescue should they start to go under. Too valuable a propaganda tool to lose in the first place and the housing bailout started a precedent that will haunt taxpayers in the years to come." If that happens, you can bet the Sulzbergers and their pals will be the only ones who profit. (Just common sense)