NYTimes is "failing," but that idea needs to be fact checked, because shares of New York Times Co (NYT). are up 30% since he was elected president.
CNN Money asks, If that's a failure, what's his definition of success?
The company's stock is also up nearly 9% so far this year.
Gannett's (GCI) stock has plunged nearly 15% this year. McClatchy (MNI) is down almost 30%. And the awfully-named tronc (TRNC) (formerly Tribune Publishing) is up just 1%.
Now, to be fair to the president, it is true that the Times has fallen on hard times over the past few decades due to the massive shift in how people consume media -- and the advertising changes that have come along with the digital revolution.
Shares of the Times are trading at about two-thirds the price they were before the tech bubble burst in 2000. And the stock is more than 80% below the all-time highs it hit in the early 1980s. The company's overall ad revenue is still falling. But digital ad sales were up 11% in the fourth quarter.
And the growth in digital subscriptions has been so strong that it helped lift overall circulation revenue in the quarter, despite a decline in the sale of print editions.
The Time is morphing into a leading digital media company. And that's probably why Wall Street is more excited about its future.