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Way to spin trying new ideas and having determination to find a way to succeed despite failures in a negative light? The fact this has become the norm is good!

Way to spin trying new ideas and having determination to find a way to succeed despite failures in a negative light? The fact this has become the norm is good! People used to think that all the smart people just came up with a good idea all the sudden out of luck, and never failed. The reality is the people who succeeded in the past in spectacular fashion, are the same people who failed over and over again in spectacular fashion (pivoted).

shinamee 9y ago
Exactly and this should become a mantra for startups to follow, knowing that there is no miracle but hard work and strong flexibility for change/pivot when necessary
derping69 9y ago
This is the New York Times we are talking about, a company that got blindsided by the internet and social media. NYT is firing editors and renting out office space to stay solvent, it makes sense they would write this article https://www.bloomberg.com/news/articles/2016-12-16/new-york-times-to-sublease-headquarters-space-in-revenue-search https://www.bloomberg.com/news/articles/2016-12-16/new-york-... https://www.washingtonpost.com/news/morning-mix/wp/2017/06/30/the-new-york-times-is-eliminating-its-copy-editing-desk-so-hundreds-of-employees-walked-out/?utm_term=.0da188f259a5 https://www.washingtonpost.com/news/morning-mix/wp/2017/06/3...
- QAPereo 9y ago
  Can you think of any major old media company that didn't take it in the pants over the internet? I'd argue that there is something to be said for the ones that managed to survive at all.
  - adventured 9y ago
    Sure, there are some. SiriusXM (27 years old) is financially the only music subscription service that is thriving in terms of printing cash. Not only did they not take it in the pants due to to the rise of the Internet, their fortunes have radically improved over the last 15 years and they've perpetually added to their subscriber base. While Pandora and Spotify bleed red ink by the barrel, Sirius earned $800m in the last four quarters (with $1.5b in operating income). Fox and its various properties transitioned just fine and have had several record profit years in the last five years. The stock of Twenty-First Century Fox, Inc. has been hovering near all-time highs (its stock history going back to 1989) the last three years, and that's after spinning off the smaller Newscorp. Disney has thrived big time in the Internet era. They're far larger than they used to be. Their market cap is five times larger than it was in 1995 (and that's with a modest 17 PE ratio). CBS Corp's stock is near an all-time high (spun off in 2005) and their sales are as well. Thomson Reuters is doing just fine in the Internet era. They didn't take it in the pants at all. They're a century old media company (156 years for Reuters, 83 for Thomson), whose stock is at all-time highs, and their operational condition is strong. They're presently worth 10x what the New York Times is.
    - QAPereo 9y ago
      So a satellite radio company, two major tv networks, Disney, and... T-R is a really solid one IMO, I can't deny it.

shinamee 9y ago

Exactly and this should become a mantra for startups to follow, knowing that there is no miracle but hard work and strong flexibility for change/pivot when necessary

derping69 9y ago

This is the New York Times we are talking about, a company that got blindsided by the internet and social media. NYT is firing editors and renting out office space to stay solvent, it makes sense they would write this article https://www.bloomberg.com/news/articles/2016-12-16/new-york-times-to-sublease-headquarters-space-in-revenue-search https://www.bloomberg.com/news/articles/2016-12-16/new-york-... https://www.washingtonpost.com/news/morning-mix/wp/2017/06/30/the-new-york-times-is-eliminating-its-copy-editing-desk-so-hundreds-of-employees-walked-out/?utm_term=.0da188f259a5 https://www.washingtonpost.com/news/morning-mix/wp/2017/06/3...

QAPereo 9y ago
Can you think of any major old media company that didn't take it in the pants over the internet? I'd argue that there is something to be said for the ones that managed to survive at all.
- adventured 9y ago
  Sure, there are some. SiriusXM (27 years old) is financially the only music subscription service that is thriving in terms of printing cash. Not only did they not take it in the pants due to to the rise of the Internet, their fortunes have radically improved over the last 15 years and they've perpetually added to their subscriber base. While Pandora and Spotify bleed red ink by the barrel, Sirius earned $800m in the last four quarters (with $1.5b in operating income). Fox and its various properties transitioned just fine and have had several record profit years in the last five years. The stock of Twenty-First Century Fox, Inc. has been hovering near all-time highs (its stock history going back to 1989) the last three years, and that's after spinning off the smaller Newscorp. Disney has thrived big time in the Internet era. They're far larger than they used to be. Their market cap is five times larger than it was in 1995 (and that's with a modest 17 PE ratio). CBS Corp's stock is near an all-time high (spun off in 2005) and their sales are as well. Thomson Reuters is doing just fine in the Internet era. They didn't take it in the pants at all. They're a century old media company (156 years for Reuters, 83 for Thomson), whose stock is at all-time highs, and their operational condition is strong. They're presently worth 10x what the New York Times is.
  - QAPereo 9y ago
    So a satellite radio company, two major tv networks, Disney, and... T-R is a really solid one IMO, I can't deny it.