The New York Times is still looking for the magic wand to wave and rid it of all debts and worries. The company had earlier announced its idea to sell out its HQ for $250 million to save itself for sometime as its stocks dived closer to $6 a share from $20 six months back. All I see (and obviously the management at NYT does too) is that investors would be miser in these tough economic times and cash wont come easy (hardly at all to be precise). So what is NYT going to do? Sell out assets and have its team working on roads?
