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Monday, March 23, 2009

Garfield: 'Chaos Scenario' Has Arrived for Media, Marketing - Advertising Age - News

Garfield: 'Chaos Scenario' Has Arrived for Media, Marketing - Advertising Age - News: "For sheer poignancy, though, it's hard to beat The New York Times. With a $400 million May debt payment approaching like a runaway cement truck, the Times is selling 75% of its shiny new headquarters. More alarmingly, it has suspended its stock dividend and borrowed $250 million at usurious rates from Mexican oligarch Carlos Slim, whom a Times editorial not long ago condemned as a 'robber baron.' And if not Slim, who, Gazprom?"

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