Vanity Fair's Wolff Chronicles Times' 'Panic'
In an article to be published in the September issue of Vanity Fair — out tomorrow — Michael Wolff paints the New York Times‘ current administration, always the target of the Bush administration’s ire, in a “crisis of confidence.”
The Times current predicament—its share price has fallen by 50 percent since 2002; almost 30 percent of its shareholders protested the company’s slate of directors at the annual meeting this spring—gets closer and closer to that of the Knight Ridder papers, forced into a sale; the tribune company, publisher of the Los Angeles Times and the Chicago Tribune, locked in a more or less mortal boardroom war; and Dow Jones, with its worried family members fretting about a sale of The Wall Street Journal.
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