Marketwatch brings us this short bit of news in which we learn, yet again, that slanted liberal propaganda presented as news does not sell. And Citigroup is recommending that if you own shares in The New York Times, now is the time to get rid of them before they fall any further.
LONDON (MarketWatch) -- Citigroup downgraded New York Times Co. to sell from hold, citing high valuation, a low probability of a takeover and the continuing trend of readers migrating from print media to online. "Even though two secular forces should be helping the industry -- older demographics and slowing broadband adoption -- the actual circulation trends are getting worse," Citigroup said. "The only conclusion we can draw from this data is that the pace of Internet substitution is accelerating so fast, it's overwhelming two positive underlying trends."
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