innovation

The Faulty Model of Newsprint Media

Submitted by AndyW on Sun, 04/05/2009 - 23:33

At the end of last week, the New York Times Company threatened to close down the Boston Globe unless the employee unions agreed to $20 million in cuts. This comes on the heels of comments by NYT executive editor Bill Keller speaking to an audience at Stanford in which he stated "saving the New York Times now ranks with saving Darfur as a high-minded cause." (He clarifies his statement to relate it to the relative level of interest in the survival of the Times, not as a human rights intervention. This doesn't change the extraordinarily poor choice of comparative terms.) It's not the only newspaper in trouble within recent memory. The Tribune Company (owner of the Chicago Tribune and Los Angeles Times) filed for bankruptcy at the end of 2008.