Well, it is with great sadness that I must report that the New York Times revenues have fallen by 82% during the second quarter this year, reports Breitbart.

New York Times Co. says its second-quarter earnings fell 82 percent from the year-ago quarter boosted by a one-time gain. Meanwhile, print advertising revenue continued to shrink.The New York-based newspaper publisher says its quarterly net income dropped to $21.1 million, or 15 cents per share, which included 11 cents per share in buyout costs. Chief Executive Janet Robinson says business was hurt by the “U.S. economic slowdown and secular forces playing out across the media industry.”

The question I have is how much of this is due to the economic slowdown and how much is due to a decline in circulation. Personally, I have not subscribed to a newspaper for about 10 years. Why pay for a biased, slanted fish wrap when I can get that crap for free on the Internet. More importantly, I try to find news from various news sources. If all you do is get news from the Times or Fox News, you are not likely getting a complete picture of what is going on. Only by reading varied and different sources can you then use the intelligence that God gave us to get a fuller, more complete picture of what the actual truth is. I had a Professor in college who required all students to subscribe to the Times and read it every day for class and come prepared with comments. All it took me was that one semester to figure out that the Times has a certain agenda, and that agenda is clearly providing news to their intended audience, which is primarily those who tend to lean to the left.

Personally, I see nothing “wrong” with slanting your news coverage. I fully admit that I do watch Fox News because they tend to have a more Conservative slant on the news, and many of their anchors/commentators are conservative. I’m not quite sure how I feel about their “Fair and Balanced” logo. They are certainly more fair and balanced then CNN/MSNBC, but I’ve always detected a certain bias there towards the right. That is just me though. The thing I’ve always hated about the Times is that they pretend to be neutral and unbiased in their reporting, yet anyone who can read knows that they are clearly not (well, except the Blog Hole Reader who thinks the Times is perfectly balanced).

Of course, in a lesson of Bizzaro world economics, what does the Times do to combat their falling revenues? They raise ther copy price by a quarter up to $1.50. Is this not the epitome of leftist economic theory? When the economy is in the crapper, inflation is record high and there no jobs to be had, lets raise taxes! We’ll see, as Ace points out maybe this is just their new marketing ploy. They will turn their news paper into a “selective” more upscale commodity. Liberals who spend $6 bucks on coffee can also enjoy a $4.00 copy of the Times. It would be like a leftist status symbol, no household complete without a Che poster and a subscription to the Times.

I will say bravo to the alternative media. Whether you are Daily Kos or Righttpundits.com, we are making a contribution to the news that is out there. Every comment, every posting, every article helps our citizenry stay more engaged and thoughtful about events going on around them. I don’t think that the alternate media will ever replace the MSM, but we do make a valuable contribution in this regard; 20 years ago, news was a very one-sided conversation. Dan Rather would sit at his desk, we would listen to what he had to say, and for the most part that was it, that was the news. Today it is much more interactive. Even the MSM has comment pages on their online stories, that is a direct reaction to blogging and alternate media. Not to divert too much into political theory, but the great French political philosopher De Tocqueville noticed this strange thing about Americans 200 years ago when he wrote Democracy In America. He noticed that Americans love to gather together in clubs, or meeting houses or the street corner and talk politics. Even the meanest, lowest American was more politically engaged then the highest aristocrat in France. The alternate media is the modern incarnation of that same ideal. Whether it is left or right matters not, the conversation, the discussion, that is what makes American politics fascinating. We do not all agree, and that is good, because, more often then not, somewhere in the middle of that disagreement good policy is actually found.

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