A Good End to the Week

Friday, April 07, 2006

When last I wrote of freedom's arch-enemy in freefall, I mentioned that NYT had cracked through the $26 mark on its southern journey. Today, only 16 days later, it pleases me to report that NYT Class A shareholders have ceded another $180M to Pinch Sulzberger's business acumen.

Not only that but the stock closed at $24.92 which means that another technical barrier has been broken. There was heavy trading as the stock broke $25 - but not enough to provide a floor.

One might wonder a bit about any insider selling here. After all if Bill Keller has a DoJ target letter in his inbox, he's going to have to raise some money.

It's going to be an interesting spring and summer.


CF said...

Zippety Doo Da, Rick.."My, oh my, it's a wonderful day"