Schadenfreude is not just a song from Avenue Q.

It’s also the feeling you get when you read an article buried in the media section of the New York Times announcing that The New York Times Company posted a loss for the first quarter of 2007 . . . compared with a profit $23.9 million in the year before.

Holy profit-drop, Batman!

I’d feel bad for them, if it wasn’t for the fact that they hold the theater industry hostage with their exorbitant rates (earning them $23.7 million in three months last year!) and fascist policies, most of which aren’t written down (they don’t allow shows to share ads even if they are in the same theater, etc.).

Another company announced their 1st quarter results this week as well.  Their profit jumped 31%.

Which company?  I’ll give you a hint. It rhymes with schmoogle.

I wonder where the future of advertising lies.

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