3 ms·
Likely to be followed by The Washington Post, the Wall Street Journal, Bloomberg, and other leading news organizations in the US, as well as elsewhere. High-qu
by cs702 6y ago
Likely to be followed by The Washington Post, the Wall Street Journal, Bloomberg, and other leading news organizations in the US, as well as elsewhere.
High-quality news and editorial content is sought out mainly by smart, educated, and/or wealthy audiences. It's a very valuable, high-labor-cost, difficult-to-replicate asset.
After many painful years of business failures and consolidation, this valuable asset -- high-quality news content -- along with the smart, educated, and/or wealthy audiences it attracts, have gradually become concentrated in a fairly small number of news brands with global reputations. The New York Times is one of them.
As an aside, I would note that these global news brands now account for a surprisingly large proportion of front-page links submitted to HN.[a]
Why would they want to split advertising revenues with third parties? They no longer need to do that.
[a] e.g., see https://news.ycombinator.com/from?site=nytimes.com https://news.ycombinator.com/from?site=nytimes.com