Contributing to Time Magazine's 2009 "Time 100" list, New York Times Publisher Arthur Sulzberger Jr. sucked up to Mexican media mogul Carlos Slim (who has coincidentally purchased 6% of NYT Co. shares and lent the company $250 million recently). After acknowledging Slim's investment in NYT Co., Sulzberger gushed:

Carlos, a very shrewd businessman with an appreciation for great brands, showed a deep understanding of the role that news, information and education play in our interconnected global society....As he spoke at our meeting, he conveyed the quiet but fierce confidence that has enabled him to have a profound and lasting effect on millions of individuals in Mexico and neighboring countries. Carlos knows very well how much one person with courage, determination and vision can achieve.

Geez. That slobbering is quite a change from the paper's attitude toward Slim less than two years ago, when Eduardo Porter labeled the Mexican mogul a thief and robber baron in an August 2007 editorial:

Yesterday, The New York Times Company suspended its quarterly dividend. The company's stock slid 5% to close at $3.51, yet another all-time low in the company's nearly 23 years as a public company in its current form (the Times has been a public company since the 1960s).

Henry Blodget at Silicon Valley Insider noted, even before yesterday's announcement and share-price dip, that the company's share price is lower than the $4 cost of its flagship publication's Sunday newspaper.

It has been nearly seven years since its New York Times newspaper slid into serious Bush Derangement Syndrome, and a bit over a year since the onset of its Obamamania obsession (the Times essentially wrote off Hillary Clinton's presidential candidacy after Super Tuesday last year). Since June 2002, the stock is down 93%:

Although the New York Times circulation  has been plummeting like a lot of other newspapers due to readers switching to the Internet for their news as well as being turned off by the extreme liberal bias at that newspaper, the ultimate failure of that periodical might be due to another reason according to an article in New York magazine.  Sulzberger stupidity. And based on what New York has to say, we aren't talking about the ordinary garden style variety stupidity here.

Sulberger stupidity comes on a massive scale of unerringly poor judgement in almost every major business decision. The prime culprit of Sulzberger stupidity is the Times heir, Arthur Ochs ("Pinch") Sulzberger Jr. although it seems that lack of  judgement is also a trademark with the other branches of the extended family, which includes the Goldens and the Cohens, to the extent that there is a good chance that the 27 members of the fifth generation of the Ochs-Sulzberger family (founded by Adoph Simon Ochs) could well be the last generation of that clan to profit from the Times.

A visit to the Vanderbilt TV News archives (no link; registration is required) reveals that on September 20, 1996:

• GOP presidential candidate Bob Dole was trying to make up lost ground against incumbent President Bill Clinton, while Ross Perot was filing a Federal Elections Commission complaint over being excluded from televised presidential debates.
• It was disclosed that Unabomber suspect Ted Kaczynski had kept a journal in which he admitted to all 16 bombings he was accused of.
• There was a "change in the FBI's working theory that TWA Flight 800 was brought down by a bomb," based on a "revelation that plastic explosives were placed on the plane a month before as part of a training exercise for bomb-sniffing dogs." The plane had crashed shortly after takeoff from New York's Kennedy Airport in July, killing all 230 aboard.

Separately, the New York Yankees were on their way to the playoffs, and their first World Series Championship in 18 years, beginning a run of four titles in five years.

Friday, September 20, 1996 is also the last time New York Times Company stock closed lower than its July 16, 2008 close of $12.59:

Interesting media news this Monday as Newsweek takes a look at the coming war between the New York Times and the Wall Street Journal. The mag's piece in turn sparked a newspaper industry news boomlet as other publications rushed to find out whether Newsweek's claim that liberal Democrat Republican New York mayor Michael Bloomberg might give the New York Times Company a cash infusion to "protect the brand."

Not so, says Bloomberg, who denied the claim that he was trying to get into the newspaper biz or purchase a share in Times Co.

An excerpt from the excellent Newsweek piece that started it all is below the fold...

Looks like Pinch Sulzberger is facing some stiff carping from the NYT's shareholders and there are rumors of the dynastic family being pushed to move the paper's Internet migration at a faster pace. The Telegraph reports "outside investors" are also trying to loosen the iron grip the long time owners have had on the Gray Lady. The feelings of these outsiders is that the Times will fail if it doesn't realize that the times they are a changin'.

The Sulzberger-Ochs family has controlled what is arguably America’s most influential newspaper since 1896. Next month outside investors will try to make the family loosen its grip. It is shaping up to be a spectacular battle.

Of course the reason is that the NYT is lagging too far behind in their attention to the Internet. Some of you may recall the abject failure the paper's premium content program was, this being an example of its failed Internet ideas. As the Telegraph reports: "Dissident shareholders and other critics say Sulzberger is moving too slowly into the digital age and putting one of the world’s great news brands in jeopardy."

Despite its best efforts, the New York Times Company continues to find itself plagued by wave after wave of investor complaints spurred on by the fact that the company's shares have fallen from near $50 to just under $16 since 2004.

First it was Morgan Stanley's audacious attempt to end the Times's dual-class share system which enables the radical leftist Sulzberger family to continue running the paper into the ground by giving it almost-exclusive control of the NYT Co.'s board of directors. Now comes news that two large Times investors are nominating their own members of the company's board, without prior approval from Arthur "Pinch" Sulzberger:

Times Executive Editor Bill Keller delivered the Hugo Young Memorial Lecture in London last week, sponsored by the liberal Guardian newspaper, and said some things to his journalistic friends he might not have felt comfortable telling a more general audience.

In remarks reminiscent of those made a year and a half ago in a college commencement speech by his boss, Times publisher Arthur Sulzberger Jr., Keller unleashed his liberalism, denouncing talk radio and Karl Rove.

Sometimes chronicling media bias and hypocrisy is just too easy. You couldn't have asked for better material than what was provided Wednesday by the New York Times which ran a thousand-word-plus article discussing the alleged nepotism of Commentary’s hiring of John Podhoretz to run the magazine. (Hat tip: Ace.)

I’ll grant that this type of character assassination article is typical when it comes to the liberal press’s normal gorillas-in-the-mist view of conservatism. Still, you’d think that the Times might be a little more inclined to avoid such journalism when its prestige and profits have been on a downward spiral ever since publisher Arthur “Pinch” Sulzberger Jr. was handed the reins to the New York Times in 1992 by his father.

To commemorate the Media Research Center’s 20th anniversary this month, we’ve just published a special expanded edition of our ‘Notable Quotables’ newsletter with more than 100 of the most outrageous, sometimes humorous, quotes we’ve uncovered over the past 20 years. Earlier this week, I presented quotes showing the media’s hostility towards Ronald Reagan and other conservatives, and sycophantic coverage of Bill and Hillary Clinton.

Today’s installment: America the Awful. On Monday, I recounted how many journalists offered sympathetic coverage of totalitarian communist regimes. After the 9/11 terrorist attacks, too many journalists opted to take a harsher approach with their own country. In a commencement address at the State University of New York at New Paltz back on May 21, 2006, New York Times Publisher Arthur Sulzberger, Jr., exposed his extreme left-wing agenda as he railed against everything he saw as wrong with America:

Video (0:52): Windows (1.64 MB), plus MP3 audio (261 kB).

The bad news keeps on coming for the New York Times. When will company chairman Arthur "Pinch" Sulzberger announce he's a failure and his ideas should be reversed? Oh wait, I forgot, only Republican presidents are supposed to do that.

Sulzberger sure hasn't been doing well, though. Here's the latest:

Morgan Stanley, the second-biggest shareholder in New York Times Co., sold its entire 7.3 percent stake today, according to a person briefed on the transaction, sending the stock to its lowest in more than 10 years.

The person declined to be identified because Morgan Stanley hasn't made the sale public yet. Traders with knowledge of the transaction said Merrill Lynch & Co. brokered a $183 million block trade of 10 million New York Times shares this morning.

What is Arthur "Pinch" Sulzberger's main qualification for being publisher of the New York Times? According to Huffington Post blogger, John Ridley, it is living through birth. Although generally liberal, Ridley sometimes refreshingly breaks from the leftwing party line as I have noted when he accused the Democrat presidential candidates of being cowardly for refusing to appear at debates sponsored by Fox News. Now Ridley's ire is directed against Pinch Sulzberger in his Huffington Post blog of yesterday, "How the New York Times Betrays Us."

As the negotiations about whether to sell the Wall Street Journal's parent company appear to be moving along between Rupert Murdoch's News Corporation and the Bancroft family, owners of a special class of stock which gives them control over Dow Jones.

Whenever Murdoch is going hard for a media asset, it inevitably sets off concerns among those on the left (such as the employee unions at Dow Jones) that the purchase of an outlet by News Corp. will somehow comprimise its editorial integrity since Murdoch is a very active manager in his properties. Those concerns seem to be less about editorial process and more about political considerations since Murdoch is far from the only active media mogul.

In an editorial today, the Journal pointed out that Arthur "Pinch" Sulzberger is heavily involved in managing the New York Times:

[T]he Bancrofts are unique in their hands-off ownership. They are often compared as family newspaper proprietors to the Grahams at the Washington Post or the Sulzbergers at the New York Times. But members of those families run those newspapers, exerting influence over the news and opinion operations. In that sense, those newspapers are hardly "independent" of those families.

The left-wing press is notorious for its hypocrisy and double-standards, especially when it comes to itself. No news organization is a bigger case in point than the New York Times, the so-called paper of record which touts itself as holding the Bush administration accountable, all the while engaging in unprofessional and unethical behavior and never being held accountable for it.

Well today, some accountability came.

Investors in the New York Times have been outraged as the paper continues to lose market share and bleed money faster than Rosie O'Donnell at a hamburger stand. This has been going on for years and nothing's been done to stop it, in part because the people who own most of the Times stock actually have no control as to who runs the company since their shares can't vote on a majority of the board of directors. That position is reserved for the uber-leftist Sulzberger family (headed by Arthur "Pinch" Sulzberger Jr.) who has been running the paper into the ground financially and off a cliff when it comes to bias, all the while stuffing its own pockets.

Fed-up investors finally had enough. Earlier today, they gave the Times a loud vote of no confidence by refusing to vote at all for the small number of director seats that they can vote on:

The New York Times Co. has been taking a beating over their increasing steep decline in the company's share price, extravagant executive compensation and the dual roles of Class B shareholder Arthur Sulzberger Jr. who acts as both the Chairman and Publisher of the company. These factors have prompted influential wall street investment advisor Institutional Shareholder Services to advise Class A shareholders to withhold votes for 4 directors who are up for election this month. A virtual vote of no confidence by one of the most influential investment advisors in the business according to the Gawker Manhattan Media News and Gossip website.

As the Internet becomes the driving force of the print media, it’s not surprising to hear newspaper moguls talk about their online strategies. However, when the chairman of the New York Times Company says, “I really don't know whether we'll be printing the Times in five years,” one should sit up and take notice.

With that in mind, Haaretz’s Eytan Avriel had a chat with Arthur Sulzberger, Jr., while he was in Davos, Switzerland, during the recent World Economic Forum (h/t Drudge, emphasis mine throughout):

Given the constant erosion of the printed press, do you see the New York Times still being printed in five years?

"I really don't know whether we'll be printing the Times in five years, and you know what? I don't care either," he says.

Join the club, Pinch. The article continued:

It’s amazing that as the 20th century escapes from our rear view mirror, some hippie liberals are still recycling their Sixties angst. For God’s sakes, it’s almost 2007. Can’t someone graduate from college without a baby boomer commencement speaker pulling out a handkerchief over the sorry state of the world since the idealists shook their last tambourine on the Ed Sullivan Show?

The guilt-soaked commencement address was a common theme as 58 judges put on their reading glasses to select the Media Research Center’s “Best of Notable Quotables,” the annual compendium of very real press inanities. The “Quote of the Year” was awarded to New York Times publisher Arthur Sulzberger, Jr. In a May 21 speech to graduates in New Paltz, New York, Junior poured out his apologies for the sorry state of the world passed on to the new graduates by negligent baby boomers.

It's unanimous! Times Watch guest judges Stephen Spruiell, who runs National Review Online's Media Blog, and Times critic William McGowan, author of the upcoming book Gray Lady Down, both picked as his worst quote of the year one from New York Times Publisher Arthur Sulzberger Jr. (The quote also earned Quote of the Year honors from Times Watch's parent organization, the Media Research Center.) Spruiell says it was the "sheer arrogance" of Sulzberger's speech that put the paper's publisher over the top.

And the winner of this year’s Media Research Center award for the worst quote of 2006 is...you! Well, only if “you” are Arthur Sulzberger, Jr., the liberal activist who is also publisher of the New York Times. Sulzberger “won” for his May 21 commencement address in which he declared abortion and gay marriage were “fundamental human rights” and decried how America was “fighting a misbegotten war in a foreign land.”

For our 19th annual Best Notable Quotables issue, the Media Research Center asked a panel of 58 distinguished media observers (top radio hosts, columnists, editorial page writers, etc.) to select their choices for the most outrageous quotes of the year in 16 different categories (such as the “Good Morning Morons” category, or the “Cranky Dinosaur Award for Trashing New Media”).

Perhaps the Times should rethink its policy on commencement speeches, given that every time a Times staffer gets up in front of a college audience he or she seems to spout left-wing rhetoric that contradicts the paper's increasingly disbelieved claims of objective reporting.

The most recent controversy involved Times Supreme Court reporter Linda Greenhouse , who returned to her alma mater Harvard in June and delivered these pearls of wisdom: "Our government had turned its energy and attention away from upholding the rule of law and toward creating law-free zones at Guantanamo Bay, Abu Ghraib, Haditha, and other places around the world. And let’s not forget the sustained assault on women’s reproductive freedom and the hijacking of public policy by religious fundamentalism."(Greenhouse also marched in an abortion-rights rally in 1989.)