alleyinsider.com - 1/14/2009
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Titanic.jpg The New York Times Company responded in detail to Michael Hirschorn's article in the Atlantic worrying that the company might go bankrupt in May. NYTCo's bottom line? We're not dead yet. And it's true: The immediate cash problem is not as desperate as it was. In the past few months, ...
portfolio.com - 1/22/2009
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portfolio.com —
When Michael Hirschorn talks nonsense about the New
York Times, it's silly, but at least it's understood...
that he's not a stock analyst by trading, and that he's more interested in making waves than being helpful. Henry Blodget , by contrast, really ...
(more)
How Not to Fix the New York Times
alleyinsider.com - 1/22/2009
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alleyinsider.com —
Some people consider NYT content worth paying for
(approx 850,000 print subs) Offering the content online for...
free reduces the incentive to pay for it Online unit ad rates are (and will be) under pressure because of a massive glut of online inventory ...
(more)
Save The New York Times (NYT)
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Is The Grey Lady Broke?
The Daily Dish | By Andrew Sullivan —
The NYT responds to Hirschorn. Henry Blodget looks at the NYT balance sheet and thinks the paper will have to cut costs. He suggests:
Cut costs at least 20% this year and 20% next year
Continue to raise subscription prices for the print edition
Explore charging $80-$100 a year for a web subscription
He adds: "The first two moves are no-brainers. The third one, we realize, is sacrilege. We'll defend it in a future post." Web subscriptions are not going to work. Henry suggesting it makes one question the rest ...
Newspaper Industry Flux Goes Into Overdrive
The American Mind —
Right before our eyes the newspaper business undergoes meltdown. The Seattle Post-Intelligencer will try to be sold, the two Detroit newspapers will only be delivered three days a week, Gannett will force workers to take unpaid vacations, and we now learn the Minneapolis Star Tribune filed for bankruptcy. Last year, there was even the thought the New York Times would file too.
I don’t know how things will pan out. I’m not one of those who thinks weblogs can fill the vacuum. There will be a multiplicity of news ...
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