New York Times (NYT) Gets Another SELL, $14 Target

This time it’s Bank of America who delivers the ultimate insult. The firm is concerned that NYT is overly dependent on luxury advertising and financial-sector advertising, both of which are vulnerable to a recession.

Recession is certainly a concern, but it’s not the biggest problem (that would be the transition to an online model). 24/7 Wall St piles on and calls for the ouster of Mr. Sulzberger.

Related:
Merrill Cuts NYT et al to SELL
OMG! NYT Has Solid Q3
NYT: The Picture Worth a Thousand Words

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