Wall St. Knocks NYT Stock to a Ten Year Low

While people apparently can’t keep themselves from going up the Times building, the paper’s stocks are doing anything but. The New York Post is reporting that The New York Times‘ stocks have hit a ten year low after Lehman Brothers analyst Craig Huber sent “shares tumbling” when he said “its stock was pricey relative to its peers.”

Huber encouraged the Times to pay down its $1.05 billion(!) debt and “continue to evaluate the landscape for Internet acquisitions.”

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in