• Still a Few More Years Before the Total Collapse of the NYT

    In your sad Monday media column: the New York Times will limp along a little longer, Iran locks up journalists while they're engrossed in Twitter, Tim Rutten is predictable, and the television industry loses a couple billion, no biggie.

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    Send an email to Hamilton Nolan, the author of this post, at Hamilton@gawker.com.

    A little while ago Michael Hirschorn wrote a piece in the Atlantic about the New York Times in which he pointed out that the paper could go out of business in May of 2009. This was a clearly hyperbolic statement, but now it's the chief thing that NYT "defenders" (as opposed to "impartial analysts") pick up and wave around: "Haha, look, we're still in business!" No shit. Enjoy it while it lasts.
    Sorry, just had to get that off my chest. In Ad Age there's a piece suggesting that the Sulzbergers should be safely in charge of the NYT Co. until at least 2015, assuming a broader economic revival. Well, nothing to worry about, then. America's greatest paper won't be sold off to a heartless Mexican oligarch for pennies on the dollar for at least five or six more years. Once all the layoffs are done.

    read more: #mediacrack, #media, #journalismism, #newspapers, #magazines, #newyorktimes, #iran, #twitter, #timrutten, #television, #advertising, #recessionomics, #noworries