The New York Times, that propaganda organ of the Democrat Party, libs and tranzis, has just hocked it’s headquarters building to stay open a few more months. According to the International Herald Tribune, the Times is mortgaging it’s headquarters to support operating expenses.
The New York Times Company plans to borrow up to $225 million against its mid-Manhattan headquarters building, to ease a potential cash flow squeeze as the company grapples with tighter credit and shrinking profits.
The company has retained Cushman & Wakefield, the real estate firm, to act as its agent to secure financing, either in the form of a mortgage or a sale-leaseback arrangement, said James Follo, the Times Company’s chief financial officer.
As the folks at The Free Republic say, “Dinosaur Media Watch.” New York Times, the bell tolls for thee.