Monday, November 10, 2008

New York Times--apparently it's not just the little guys floundering

Thanks to my anonymous friend who sent me the link to this article about the NYT's net worth.

If that's the state of one of our country's most revered news sources, I can only wonder how everyone else is doing...

8 comments:

Cakespy said...

Whoa, now that is interesting...a little scary!

Kim Kasch said...

$400 million !!!

And I thought I had bills to worry about - OMG - that is an Excedrin moment.

Linda said...

The Baltimore Sun is in serious trouble... revenues down 25% this quarter. It IS a pretty awful paper, but still... on the other hand, the free rag (THE EXAMINER) is going great guns here, floating on adverts alone. I'm thinking that most papers need to reinvent themselves, NYT inclusive... Peace, Linda

Kelsey said...

There for awhile I thought I was bad luck. I wrote a couple pieces for the Christian Science Monitor and now they are pretty much only an online paper. I did a piece for Conde Nast Portfolio and 20% of the staff gets canned. Time reviews my book and then announces it will fire 600 people.

Now the NY Times?! It sounds like really bad news is just around the corner. I haven't had any interaction with them. I guess it can't be me. Good to know. I guess.

Anonymous said...

One only needs to know that the venerable Christian Science Monitor will no longer be published as a printed paper...it is now only online...and it is not beyond the pale that in years to come printed papers will one by one become things of the past...

Briane P said...

Newspapers are a whole different business than other publishing; they're trying to compete for eyes with television and websites, both of which can be updated far more frequently and are more exciting to watch.

Newspapers also make a great deal of money on classified ads, and sites like Craig's List and the like have really hit them hard.

If you like your morning newspaper, take out a classified ad. Or, as horrifying as it may sound, do what Slate suggests and shop at Wal-Mart:

http://www.slate.com/id/2192828/

ORION said...

I'm a "newspaper in one hand and coffee in the other" kind of person.
Information like this gives me pause and makes me wonder what the future will bring for us all...

Charles Gramlich said...

eek.