As Freepers say, "Dinosaur Media Watch"

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.

Times Co. to borrow against building

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.

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