New York Times
should merge, Jim Cramer said Tuesday on
's "Stop Trading!" segment.
Cramer said a merger of the publishers of
The New York Times
The Wall Street Journal
could make everyone happy by permitting some cost-cutting at companies that otherwise are committed to spending heavily to maintain world-class news operations. Cramer said dissident shareholders assailing the Times' dual-class ownership structure simply want to cut the newsroom to the bone and "make it a lousy paper," a change Cramer said isn't going to happen.
has "held back" the Dow Jones Industrial Average Tuesday, because management should have been "a little more bullish" on its conference call in extolling the virtues of its very bullish story. Cramer also said it's time for
chief Mark Hurd to "step up" and boost the dividend or increase the buyback the way
, up 13% Tuesday off a strong quarter internationally, but says "let it go already" on
, which he said has run up 70% off last October's lows.
Cramer also said he likes
off Friday's appointment of turnaround specialist Allen Questrom to the board. Cramer said Questrom's addition shows that the Wal-Mart board "isn't the Elks Club" any longer, though he stresses he'd love to join the Elks Club if it would have him.
At the time of publication, Cramer was long Hewlett-Packard.
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