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The NYT almost went out of business before they were rescued by billionaire Carlos Slim. The NYT is probably doing okay because the local papers everywhere els
by laughing_man 8mo ago
The NYT almost went out of business before they were rescued by billionaire Carlos Slim. The NYT is probably doing okay because the local papers everywhere else are a pale shadow of what they once were, so people sign up for NYT looking for what they used to have.
- ece 8mo agoBut they did switch to a pretty good online presence, the NYT did games, others could try to go after classifieds or other online pastimes without neutering the news room like Bezos has done. Sure it takes investment, Bezos seems to have had no problems doing that with Amazon.
- laughing_man 8mo agoHow many years was he supposed to lose $100m before deciding this just wasn't going to work?
- ece 8mo agoHe should've chosen to not make editorial decisions, and help with finding other revenue sources. Instead he lost revenue by making editorial decisions, and shows no signs of learning anything. He's lost more in market value at this point than yearly profit with his current strategy, which he can change anytime.