The New York Times is not having a very good year, or decade for that matter. Sales are down, circulation is down and their credibility is long since gone. Now comes word that they’re planning to borrow up to $225 million against their Manhattan office building.
How long can the Times last? Or, the better question would be, how long till they ask for a bailout?
We would suggest that they’d be willing to offer Democrats positive coverage in exchange for a bailout, but the horse has already left the barn on that one.