Trump Predicts New York Times Will Go Out Of Business Before He Leaves Office
President brands paper as 'an evil propaganda machine for the Democrat Party'
President Donald Trump has predicted the "failing" New York Times will go out of business before he leaves office, adding that the paper will probably endorse him for president in 2020 to avoid bankruptcy.
“The New York Times will be out of business soon after I leave office, hopefully in 6 years,” Trump tweeted.
“They have Zero credibility and are losing a fortune, even now, especially after their massive unfunded liability. I’m fairly certain they’ll endorse me just to keep it all going!”
The President branded the paper as “an evil propaganda machine for the Democrat Party" in a series of tweets.
Trump was responding to the leak of a transcript of a Times meeting, which Executive Editor Dean Baquet discussed the shift in narratives from covering the Russia collusion probe to whether or not Trump is racist.
“The Failing New York Times, in one of the most devastating portrayals of bad journalism in history, got caught by a leaker that they are shifting from their Phony Russian Collusion Narrative (the Mueller Report & his testimony were a total disaster), to a Racism Witch Hunt,” Trump tweeted.
Baquet held a panicked staff meeting after the paper faced backlash from liberals for not calling Trump a racist in one of its headlines.
Baquet admitted that the Times “built our newsroom to cover” the Trump-Russia story, which many left-leaning outlets hoped would end in impeachment.
The New York Times will be out of business soon after I leave office, hopefully in 6 years. They have Zero credibility and are losing a fortune, even now, especially after their massive unfunded liability. I’m fairly certain they’ll endorse me just to keep it all going!— Donald J. Trump (@realDonaldTrump) August 18, 2019
“Now we have to regroup, and shift resources and emphasis to take on a different story,” Baquet said at the meeting.
“The day Bob Mueller walked off that witness stand, two things happened. Our readers who want Donald Trump to go away suddenly thought, ‘Holy shit, Bob Mueller is not going to do it,'” he continued.
The Times announced this month that advertising revenue and digital subscriptions fell short of their projections.
In May, Trump blasted the New York Times for leaking his tax info, declaring the move a "fake news hit job," yet the "bombshells" revealed in the report were already public knowledge.
On Wednesday morning, Trump responded to the NYT publishing his decades-old tax information, saying that, at the time, all business owners used the same strategy as him to avoid paying high taxes.
The newspaper obtained ten years of information on Trump’s taxes between 1985 and 1994 which it leaked in a report early on Wednesday.
The Times alleges that Donald Trump’s core businesses lost $1.17 billion in that timeframe.