Viral Video: Yankees Versus Red Sox, Celeb-Style!

Here is a very funny ad for a baseball cap company with actors Alec Baldwin (he of the New York Yankees persuasion) and John Krasinski (a Boston Red Sox fanatic) getting us ready for the 2011 season. (By the way, you must still Fear the Beard.)

D7 Tech Demo: Pure Digital

During this demo, Pure Digital, maker of the Flip digital camcorder (which debuted at a previous D conference, incidentally), will launch its newest feature: personal “channels” that allow you to share videos with others, like friends and family. These channels can be viewed across various media devices: Mac, PC, iPhone and television sets. The feature also allows share-ees to watch the shared video on their own time or for all parties to schedule a shared viewing time.
Pure Digital

More Pulitzers, Less Money: New York Times Ad Sales Down 27 Percent; Q2 Looks Just as Bad

Yesterday the New York Times won five Pulitzer Prizes and executive editor Bill Keller took a well-deserved victory lap with a speech that reportedly had his newsroom in tears. But for better or worse, none of that matters to investors, who are trying to figure out what the company’s long-term prospects look like. In the near term, they look terrible. In the first three months of this year, the company saw ad sales drop 27 percent, and the Internet no longer helps: Web ad sales were down 6.1 percent. The company says to expect more of the same, for a while.
new-york-times-building

New York Times Battens Hatches, Drops Dividend

Last fall, the New York Times tried boosting its cash position by slashing its dividend from 23 cents a share to 6 cents a share. Not good enough: The paper is now doing away with its quarterly payout altogether–at least temporarily.
new-york-times-building

Internet Ads Vanish From the New York Times–Down 12 Percent in December

The New York Times had a bad December, and a lousy end to 2008. That isn’t a surprise. What is a bit shocking is that the paper’s digital ads are now vanishing almost as quickly as its print ads.

Supposed Buyer for NYT’s Boston Red Sox Stake Says He’s Not Interested

One of the supposed buyers for the New York Times’s stake in the Boston Red Sox–one of the few assets the paper can unload as it tries to bail itself out of a cash crunch and looming debt problem–says he’s not buying.

Cash-Strapped New York Times Wants to Borrow Against Its HQ: Anyone Want to Lend It $225 Million?

The New York Times is running low on cash but has a $400 million debt payment due next spring. How to foot the bill? Raise money anywhere it can. Last month, the Times cut its dividend, a move that could save it up to $100 million a year. Now the paper is looking to borrow against its new Manhattan headquarters: It has hired a real estate firm to raise up to $225 million using the value of the building as collateral.