The New York Times CEO Mark Thompson stated that he believes print journalism will be dead in 10 years.
The newspaper printing presses may have another decade of life in them, New York Times CEO Mark Thompson told CNBC on Monday.
"I believe at least 10 years is what we can see in the U.S. for our print products," Thompson said on "Power Lunch." He said he'd like to have the print edition "survive and thrive as long as it can," but admitted it might face an expiration date.
"We'll decide that simply on the economics," he said. "There may come a point when the economics of [the print paper] no longer make sense for us."
"The key thing for us is that we're pivoting," Thompson said. "Our plan is to go on serving our loyal print subscribers as long as we can. But meanwhile to build up the digital business, so that we have a successful growing company and a successful news operation long after print is gone."
Digital subscriptions, in fact, may be what's keeping the New York Times afloat for a new generation of readers. While Thompson said the number of print subscribers is relatively constant, "with a little bit of a decline every time," the company said last week that it added 157,000 digital subscribers in the fourth quarter of 2017. The majority were new subscribers, but that number also included cooking and crossword subscriptions.
Read more: (Link: www.cnbc.com)
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This was also posted about 9 days ago.
NY Times Photographer Says Trump More Transparent Than Obama Was
Another fake news myth has been debunked, this time, surprisingly, by a photographer from the New York Times.
According to the photographer, President Trump gives much more access that Obama ever did.
washingtonexaminer.com reports: President Trump grants substantially more access to photographers compared to former President Barack Obama, according to a New York Times photographer who covered both administrations.
When asked to compare covering the previous administration to Trump’s, Doug Mills of the New York Times said photographers are getting “a lot more” access in an interview with C-SPAN.
“We're getting a lot more, I mean from a photographer's standpoint, we get a lot more access to the president. I see him more on a daily basis than we did with Barack Obama," Mills said.
Read more @ (Link: www.washingtonexaminer.com)
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This was also posted about 10 days ago.
The New York Times Is In Big Trouble Now!
The New York Times reported a fourth quarter loss, compared to last year's fourth quarter profit.
The New York Times Co (NYT.N) reported a fourth-quarter loss, compared with a year-ago profit, due to higher costs as the publisher invests heavily to boost online subscriptions amid declining print sales.
The company posted a net loss of $57.8 million, or 35 cents per share, in the quarter ended Dec. 31, compared with a profit of $37.6 million, or 23 cents per share, a year earlier.
Read more: (Link: www.reuters.com)
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