Tuesday, August 1, 2017

Jim Cramer Tracks Not-So-Failing NYTimes

President Donald Trump may have insisted over 50 times on Twitter that The New York Times is "failing," but Jim Cramer had a different take on the publicly traded news giant's success.

"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.

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