Media

Times in Trouble: NY Times Stock Price Drops 7%, Ad Revenue Plunges in Q3 2019

posted by Hannity Staff - 11.06.19

The New York Times found itself in growing financial trouble this week, with new data showing ad revenue plunged in the 3rd quarter of 2019. The news sent stocks tumbling about 7%.

“New York Times stock fell 7%, to $29.61, in early trading on Wednesday after the media company reported continued declines in advertising revenues for the third quarter,” reports media website ‘The Wrap.’

“The company reported that advertising revenue for print is down 9.7% compared to the third quarter of 2018 and down 17.2% for digital ads. Third-quarter digital advertising this year decreased 5.4%, while print advertising dropped 7.9%,” adds the author.

The Times sparked a media firestorm after publishing an explosive “bombshell” regarding Supreme Court Justice Brett Kavanaugh. The report was largely debunked.

“Between an offensive tweet and a significant revision, The New York Times’ handling of a new sexual misconduct allegation against Supreme Court Justice Brett Kavanaugh attracted almost as much attention as the accusation itself,” writes the Associated Press.

“After the story was posted online but before it was in the print edition, the Times revised the story to add that the book reported that the woman supposedly involved in the incident declined to be interviewed, and that her friends say she doesn’t recall the incident. While an editor’s note pointed out the revision, it did not say why those facts had been left out in the first place. A Times spokeswoman said no one was available for an interview on Monday,” adds the AP.

Read the full report here.

Source: The Wrap

BACKLASH BUILDS: NY Times Under Fire over Botched Kavanaugh ‘Bombshell’

posted by Hannity Staff - 9.17.19

The New York Times continued to fend-off attacks from both Republicans and Democrats Tuesday, with multiple outlets attacking the newspaper for publishing a “bombshell” report on Brett Kavanaugh without providing exculpatory material.

“Between an offensive tweet and a significant revision, The New York Times’ handling of a new sexual misconduct allegation against Supreme Court Justice Brett Kavanaugh attracted almost as much attention as the accusation itself,” writes the Associated Press.

“After the story was posted online but before it was in the print edition, the Times revised the story to add that the book reported that the woman supposedly involved in the incident declined to be interviewed, and that her friends say she doesn’t recall the incident. While an editor’s note pointed out the revision, it did not say why those facts had been left out in the first place. A Times spokeswoman said no one was available for an interview on Monday,” adds the AP.

2020 presidential hopeful Senator Kamala Harris doubled-down on her calls for the impeachment of Kavanaugh Monday night; calling new allegations against the judge “credible.”

“Christine Blasey Ford, who literally had nothing to gain by coming forward… nothing to gain. She had a perfect life. And she looked at the fact that this guy was being nominated and said, ‘the American people had the right to know what I know,’ and she was treated like a criminal,” Harris told MSNBC.

“So yes, I call for impeachment,” Harris told MSNBC host Rachel Maddow. “I believe that is the clearest way for us to get an investigation of these allegations and we should open an investigation of these allegations.”

“I sat through those hearings. Brett Kavanaugh lied to the U.S. Senate and most importantly to the American people. He was put on the Court through a sham process and his place on the Court is an insult to the pursuit of truth and justice. He must be impeached,” posted Harris on social media over the weekend.

The New York Times ultimately issued an apology and retracted key aspects of the story after the alleged victim claims to have no memory of the incident.

CRUZ ON FIRE: Ted Cruz SLAMS NY Times' Kavanaugh Hit-Piece, Says Paper has ‘Political Agenda’

posted by Hannity Staff - 9.16.19

Texas Sen. Ted Cruz unloaded on the New York Times Monday after the newspaper published a botched hit-piece on Supreme Court Justice Brett Kavanaugh; deleting an embarrassing tweet and posting an official correction hours later.

“READ stunning NYT CORRECTION. If a high-school freshman did this on a school paper, he’d get an F. This is an outfit that has won multiple Pulitzers; presumably they know how to be actual journalists. It’s almost as if the reporters, editors, publisher have a political agenda,” posted Cruz on social media.

Chair of the House Judiciary Committee Jerrold Nadler backtracked against the Democratic Party’s recent push to remove Justice Brett Kavanaugh from the Supreme Court Monday; saying lawmakers are simply too busy impeaching President Trump.

“We have our hands full with impeaching the president right now and that’s going to take up our limited resources and time for a while,” said Nadler when asked to comment on Kavanaugh.

“Nadler’s interview comes amid calls from some Senate Democrats and presidential candidates to impeach Kavanaugh after a New York Times story over the weekend reported a new allegation of sexual misconduct against the justice from his time as a student at Yale,” reports Politico.

 

Prominent Democrats demanded the impeachment of Supreme Court Justice Brett Kavanaugh Monday; citing a botched New York Times article that was eventually corrected by the national newspaper after widespread criticism.

“Last year the Kavanaugh nomination was rammed through the Senate without a thorough examination of the allegations against him. Confirmation is not exoneration, and these newest revelations are disturbing. Like the man who appointed him, Kavanaugh should be impeached,” posted Warren on social media.

“Brett Kavanaugh was put on the Court through a sham process and his place on the Court is an insult to the pursuit of truth and justice. He must be impeached. Sign our petition if you agree,” added Harris.

“This was almost a year ago. It is unsurprising that Kavanaugh, credibly accused of sexual assault, would lie under oath to secure a Supreme Court seat. Because sexual assault isn’t a crime of passion – it’s about the abuse of power. He must be impeached,” wrote Ocasio-Cortez.

The New York Times found itself in hot-water over the weekend after publishing an explosive “bombshell” on Supreme Court Justice Brett Kavanaugh; posting sections of a new book that contained unfounded allegations of sexual abuse during his time in college.

“The New York Times suddenly made a major revision to a supposed bombshell piece late Sunday concerning a resurfaced allegation of sexual assault by Supreme Court Justice Brett Kavanaugh — hours after virtually all 2020 Democratic presidential candidates had cited the original article as a reason to impeach Kavanaugh,” reports Fox News.

“The update included the significant detail that several friends of the alleged victim said she did not recall the purported sexual assault in question at all. The Times also stated for the first time that the alleged victim refused to be interviewed, and has made no comment about the episode,” adds Fox.

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