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.
Business Insider Emails & Alerts
Site highlights each day to your inbox.