New York Times: All the News that Fewer Staff Can Produce
October 1, 2014
I read “New York Times Plans Cutbacks in Newsroom Staff.” I summarized the Times’s management decisions about online in this post. The Times has been floundering with new media for decades.
Unfortunately the revenue from online does not make up for advertising sales shortfalls, rising costs for paper and ink, and the old school business model that thrived on newspaper warfare.
The write up reports:
The note also said financial results from the company’s third quarter, which ended Sunday, had improved from a difficult second quarter. Digital advertising is likely to show growth of about 16 percent in the third quarter, the best quarterly performance since 2010, and digital subscriptions are expected to increase by more than 40,000, the largest number of quarterly additions since 2012. But the company’s profitability was lower than during the same period last year as costs increased.
So, farewell “real” journalists. Perhaps the Times should buy America Online and snag Ms. Huffington? Is she the future of “real” journalism? Maybe some of those mid tier consultants can come up with new ideas. (Oh, sorry, the mid tier consulting firms are struggling for revenues as well.) Perhaps a failed webmaster, unemployed middle school teacher, or a self anointed poobah will come to the firm’s rescue for less than a single “real” journalist. Well, there’s always selling write ups via Fiverr.com.
Stephen E Arnold, October 1, 2014
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