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Revolving Door Newsletter: 06.30.09

OK! Spends Big On Jackson Photo; Facebook Names New CFO

June 30, 2009
As its brass took the time to point out, The New York Times didn't fold in May. Now the guessing game about the paper's potential demise begins anew, with AdAge's Nat Ives and Bradley Johnson positing that the Gray Lady will last at least through 2012 and that the combination of an improving advertising market and cost-cutting measures (hello, Boston Globe union) would steady the ship. Michael Wolff, on the other hand, believes the Sulzberger family will be forced to sell within 12 to 18 months. We'll be watching...

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