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What is the NYT's "massive unfunded liability" that Trump is tweeting about?


I see "Trump Hit With Fact-Check After Claiming New York Times Is ‘Losing A Fortune’/The president said the paper — which recently reported a spike in revenue and strong readership — would be 'out of business soon after I leave office'" (HuffPo), but that only addresses the question of whether the Times is losing money. ( A NYT tweeter says "Revenues up, subscriptions at a record high, profits at $37.9 million in the second quarter.") It says nothing about the "unfunded liability."

Generally:
In finance and economics, a liability is a legal obligation of a person, organization or government entity to pay a debt arising from a past or current transaction or action. In brief, a liability is a claim on the debtor's current or future assets. An unfunded liability is a liability that does not have current or projected assets to cover the liability; therefore it is said to be unfunded.
I'm seeing the term most often used in reference to pension plans.

So... Trump is either bullshitting or saying something sophisticated about accounting. Or... what do you think?

What is Trump saying about the NYT and "massive unfunded liability"? Choose what you think is the most likely explanation:
 
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