Tuesday, August 1, 2017
Jim Cramer Tracks Not-So-Failing NYTimes
"Bizarrely enough, when you look at The New York Times as a company and as a stock, it's not failing. It's thriving," the "Mad Money" host said.
Cramer tracks the not-so-failing New York Times amid 'fake news' of its demise from CNBC.
Cramer called upon the Times' second-quarter results as proof. Besides the newspaper's stock being up some 70 percent since Trump's election, its earnings beat included a nearly 50 percent rise in net digital-only subscribers year over year.
The news industry has long been in a public struggle to prove itself as the rise of the internet transformed news from a necessity into a commodity.
Posted 3:21:00 AM