In Hollywood, they say there is no such thing as negative publicity. The “failing New York Times” with it’s fake news is a constant theme of Donald Trump. The New York Times has won 122 Pulitzer Prizes, more than any other newspaper. The prize is awarded for excellence in journalism in a range of categories. The list of awards is extensive- see link at the end.
But is it failing? Before I answer that question, there is an extensive decline in newspaper’s circulation in the US. The average news junkie can get his morning fix by listening to CNN and BBC, then hit the internet to get the latest in areas of interest, Hollywood, sports, or in my case business. But, internationally, circulation is rising- due to increase literacy, higher incomes, and global awareness. That’s great!
Now, Jim Cramer reviewed the finances of the New York Times, and found the company is not failing, but is thriving. Instead of going through the slew of financial data, I’ll simply provide the CNBC link:
CNBC – Jim Cramer on the New York Times
Ironically, all Trump’s tweets may have increased interest in the New York Times. A lot of the content is now on the Internet and distributed free. Where the increased revenues are coming from, is the increase in online advertising. The Times is by no way perfect- see links for past controversies.
Jim Cramer in January was touting a lot of stocks to be “Trump stocks” based on deregulation, overseas repatriation, and tax cuts for businesses. You would not think of First Solar, a maker of solar panels, to outperform Peabody Coal,Chesapeake Gas or Sanchez Oil (involved in horizontal drilling and hydraulic fracking) but you would be so wrong. This will have to wait for another blog. My New York Times is on the table.