jamesdeluxe":2g7ezn6u said:While not the draconian measures taken by the LA Times and other papers, if I'm not mistaken, the NYT has been forced to drop several parts of the paper, including the popular "city" section.
The Times is a newspaper, so that means it is struggling - newspapers need a new revenue model. But financially the Times is stronger than almost any other paper in the US. I say almost because while the Journal isn't really doing things any better than the Times, the owners have deeper pockets. The ace in the hole for the Times is their property on Times Square, it's worth a billion or two and they own it mostly. Not sure if they have sold it yet, but the plan is to sell it and lease it back. The business plan calls for them to continue to bleed red ink through the end of 2010.
You gotta give em credit for putting out the product regardless. I read the business section every day cover to cover and many days there is ten pages of edit with zero advertising. IMO...the national papers..Times, WSJ and USAToday... won't die. There is a market for the content.