Not Good News for the New York Times
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Part of the struggles of the New York Times may be related to the economy. However, the present reports of revenue difficulties continues an unsettling trend that most newspaper publications are experiencing:
“…The company, which reported a 16 percent drop in advertising revenue at its news media group, also said it might write down as much as $150 million at its New England operations, underscoring the dismal state of newspaper advertising.”
link: New York Times posts loss, eyes debt reduction
Advertising dollars are going to the internet. As fewer people rely on the newspaper for the daily news, the challenge for newspapers is to provide its buyers with added value. The short term bad news is a drop in revenue. The long term bad news is that surviving and being profitable may be impossible with the present business model.
Catherine Forsythe
3 Comments
richard heater
October 24th, 2008
at 6:56am
I’m a life long resident of Michigan but have a wide variety of reading interests. I’ve never been a regular subscriber but purchased copies for a local news stand in town, especially Sunday editions. My primary interest was the x-word puzzle,acknowledged to rank among the best & most challenging. I also read the editorial pages for discerning and non-biased articles. Today. the only justification for their vast waste of newsprint paper is the x-word puzzle,which I do miss. Their editorial theme remiinds me of the term “blog” which, in this respect rhymes with “clog” or “befog”
r. heater
Bill
October 24th, 2008
at 11:54am
Maybe if the NYT would concentrate on the news instead of putting their political preference spin on it they wouldn’t lose so many of their own NY readers!
c w cornelsssen
October 25th, 2008
at 12:32pm
They have fallen to a lower place than the worst yellow rag.