Struggling to maintain roughly 50 remaining news bureaus around the world, The New York Times has been going through downsizing for several years, offering buyouts to workers while cutting expenses.
In 2007 they announced they would narrow the width of their paper by six inches, for savings of $12 million a year.
- They’ve sold their media outlets all over the country.
- They borrowed against their new office tower.
- They borrowed a cool quarter billion from a Mexican financier.
In 2010 their earnings declined from $2.44 billion to $2.39 billion while newspaper ad revenue declined from $680 million to $640 million.
So they put up a paywall.
Do you purchase an online subscription
to read the New York Times?
I didn’t think so. I don’t either.
So the question is:
“Do we care enough as a digital culture to preserve the reach of the greatest news gathering organization of all time?”
I don’t see the evidence. What do you think?