London, GB | Formerly of New York, Buenos Aires, Fife, and the Western Cape. | Saoránach d’Éirinn.

Some Stocks Fall, Others Rise

In the first quarter of 2010, CNN’s flagship news anchors ratings dropped by fifty percent — half their entire viewership! The New York Times continues to slide towards bankruptcy and irrelevance (who wants to pay two dollars a day to be lied to?). Exhibiting a tremendous amount of cheek, the Times Company (which owns both the Times and the Boston Globe) threatened to shut the Boston Globe unless the staff agreed to $20 million in cuts. This year, the $20 million made by salary and benefits cuts across the board at the Globe were awarded in compensation to just two Times Company employees, Chairman Arthur Sulzberger and Chief Executive Janet L. Robinson. Meanwhile, the Company’s profits are collapsing along with its circulation and ad revenue, while its debt increases.

Not everyone’s stock is going down, however. Anna Arco reports a greater-than-usual surge in Mass attendance during Holy Week at the Stefansdom in Vienna, as well as at Westminster Cathedral and the Brompton Oratory in London.

The only advice one could dispense to CNN, the Times, et al. is the aphorism that he who marries the spirit of the age is soon widowed.

Published at 8:54 pm on Sunday 11 April 2010. Categories: Church Errant Thoughts Newspapers Tags: , .
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