Skip to comments.The New York Times' latest cutbacks: Proof its digital strategy is failing?
Posted on 12/03/2012 2:23:13 PM PST by Beave Meister
he New York Times on Monday announced that it would offer buyout packages to 30 newsroom employees, and that layoffs would ensue if the 30 spots were not voluntarily filled. Citing a difficult "economic environment" that has led in recent years to a 60 percent staff reduction on the paper's business side, Executive Editor Jill Abramson said, "There is no getting around the hard news that the size of the newsroom staff must be reduced."
While the loss of 30 jobs pales in comparison to the ousting of roughly 100 newsroom staffers in 2008, it is the latest evidence that the Times continues to struggle despite putting up a subscriber paywall, which was intended to extract more revenue directly from online readers. The company added an impressive 83,000 digital subscribers in the third quarter, and is on track to have more digital subscribers than print subscribers in the next year or two. But print and digital revenues in the third quarter dropped by 10.9 percent and 2.2 percent, respectively. The problem is that "digital simply generates much less revenue than the print business," says Henry Blodget at Business Insider. "So, as the print business continues to shrink, the newsroom has to shrink."
(Excerpt) Read more at theweek.com ...
Soon we will all be slapped with a heavy new Internet Service Tax. The proceeds will be used to bail out dinosaur media outlets, “because a healthy, professional
journalism profession is essential to the survival of
It will be their payback for turning their backs on Benghazi and dragging Obozo over the finish line.
Publish just the crossword puzzle. Next problem.
It’s not their “Internet strategy”, but their communism which is the root of their troubles.
Weeding out the conservatives, no doubt.
Why should I subscribe to the New York Slimes digital edition? It isn’t even fit for virtual birdcages.