Gray Lady Limping: A Troubled New York Times?
December 16, 2011
I don’t want to draw parallels between the management shifts at Thomson Reuters and the New York Times. Let me document the fact that another semi-surprise hit the struggling New York Times. Navigate to “NY Times CEO exiting, without Explanation.”
The Times Co gave no explanation for Robinson’s sudden departure, which caught analysts as well as company insiders by surprise. Speculation among industry observers and the analyst community centered on the company’s faltering stock price, which has declined more than 80 percent since Robinson was appointed CEO in December 2004. This year alone, shares are down nearly 25 percent, a performance that has frustrated investors.
Also interesting was the departure of Martin Nisenholtz, the person who has matched the dismal performance of the Financial Times’s online services. After pulling the New York Times from LexisNexis, the New York Times demonstrated that it was unable to generate big dough when it came to leveraging its brand in the online world. I view the misguided handling of the LexisNexis deal as the first benchmark in the Times’s fascinating financial decline. Business school case study anyone: LexisNexis to the first Times’s online service to the current line up of services to the fumbling of its own indexing to the handling of About.com to today. Yowza. I am glad I am in rural Kentucky, semi retired, hopeless confused, and no longer working in the newspaper industry. Anyone hear the sound of dead trees falling in the forest? When you walk alone and get lost, one can spend quite a while in the wilderness. Watch out. Here comes another dead tree falling.
Stephen E Arnold, December 16, 2011
Sponsored by Pandia.com
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
