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Goalkeeping Gets Easier at Mint.com

Katherine Boehret in The Mossberg Solution on June 29, 2010 at 1:47 pm PT

When most people hear the word “budget,” they groan about all the numbers and spreadsheets involved. Mint.com’s new feature looks to take the pain out planning for the future.

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

Peter Kafka in Media on April 21, 2009 at 5:51 am PT

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.

Meet the New York Times’s New (Very Expensive) Bank: Carlos Slim

Peter Kafka in Media on January 19, 2009 at 7:44 pm PT

It’s a done deal: Billionaire Carlos Slim has given the cash-strapped New York Times $250 million worth of breathing room. At a very high price. Under terms of a deal announced late Monday night, the Mexican telecom magnate has lent the Times $250 million at 14 percent interest–which means the Times will now have to come up with an extra $35 million each year.

Approve a Massive Stock Dilution? Surely, You Can't Be Serious…I Am Sirius, and Stop Calling Me Shirley.

John Paczkowski in News on December 19, 2008 at 9:04 am PT

At Sirius XM’s annual meeting Thursday, shareholders approved a reverse stock split plan that empowers the board to split common Sirius shares by a 1-for-10 to 1-for-50 ratio by end of 2009. They also approved the issuance of up to 3.5 billion new shares. Should Sirius need to, it can now effect a reverse split that will raise its stock price above the $1 necessary to avoid delisting and sell new shares to meet the almost $1 billion in loan repayments it faces next year.

Approve a Massive Stock Dilution? Surely, You Can’t Be Serious…I Am Sirius, and Stop Calling Me Shirley.

John Paczkowski in News on December 19, 2008 at 9:04 am PT

At Sirius XM’s annual meeting Thursday, shareholders approved a reverse stock split plan that empowers the board to split common Sirius shares by a 1-for-10 to 1-for-50 ratio by end of 2009. They also approved the issuance of up to 3.5 billion new shares. Should Sirius need to, it can now effect a reverse split that will raise its stock price above the $1 necessary to avoid delisting and sell new shares to meet the almost $1 billion in loan repayments it faces next year.

Newest Unpleasant Ad Numbers: Mortgage Ads Down 62 Percent

Peter Kafka in Media on December 2, 2008 at 9:18 am PT

It’s no surprise that financial advertising has slowed down in the first three quarters of 2008. The surprise is that it’s only been a 10 percent reduction, according to Nielsen. But next year will be worse, of course.