For what it's worth, I know the guy writing the FG/CH blog, and he's genuinely about the project, whatever the overall goal of the NYT may be (or the long-term dedication to such goal).
This isn't a new strategy for the Times, really. For instance, the About.com deal that everyone derided was mostly in order to own About's search metric formulas, which have helped dramatically increase the Times' traffic.
I'm missing the point (if there is one) of the post, Owen. If the Times seemingly misses the boat on tech innovation vis-à-vis the news, you give them shit. If they make a move in that direction, you give them shit. Which is it?
Of course this posture of yours isn't unique toward the Times, but they do seem to be the most frequent target, despite the fact they are doing much better on the Web than any other news (generating) outlet. I certainly think there are things wrong with the Times, but I also wouldn't want to live without it.
In any case, smart guy, the question I have is: Do you have any ideas? Since your "criticisms" are vapid and muddled, how about you give it a shot. What is to be done?
As a resident of one of the Oranges (West), I can assure you that although these suburbs may be obscure, a good portion of the residents moved from New York City and still work in New York City. This is basically a NYC neighborhood - it takes less time to get here from Midtown than it does to parts of Brooklyn, Queens and the Bronx (or Manhattan, if you count Washington Heights).
I read that the LA Times has online revenue exceeding its editorial costs, minus printing. That means if they went strictly online, they'd be profitable. And I read the NY Times is approaching that balance.
If you can pay for your Justin Blairs and Judy Millers without crushing trees and smearing them with ink, well then?
Reminds me of the fax. What's the use of the fax? it's a pacifier for those who grew up with the office copier. A long-range Xerox. Have to bring these people along slowly.
@Tremonius: No it doesn't mean an online-only LA Times would be profitable. There's a lot of other costs involved in newsgathering: lawyers, travel, computers, foreign bureaus, salaries for the ad sales dept, real estate, etc.
Newspapers still make most of their money by selling ads for their print edition.
@derek: The statement didn't include a balance sheet, but when I read "editorial expenses" I guessed that meant all of the above which didn't involve physical printing. Maybe I'll go look for the numbers now, but the intent of the column I read was that, were Tribune to cut off the presses like a used booster rocket, they'd be in the money!
@Tremonius: Yep, I was ahead of the curve on this one, which was a fastball anyhow. It's just a signpost along the way, not a break-even point.
@Bradley - Here's a direct quote from Russ Stanton, from an email he sent me earlier this morning, in response to many requests from around the social media realm for clarification about his revenue comment at USC last week.
"Our digital revenue this year [for the Los Angeles Times] will be equal to our newsroom payroll (web and print) and that is salaries only."
Those are actual numbers for 2008. Our business folks are projecting that digital revenue will exceed total newsroom payroll in 2009.
Russ adds, "We're still years away from able to even consider shutting down our presses, and the ink-stained wretch in me hopes we can figure out a way to sustain this centuries-old medium for several more centuries."
God, these people jsut don't get it. Instead of launching this where there's no real competition, they go after a Googler. How's that Google war been going for you so far NYT?
Funny, just last night on Real Time with Bill Mahar they were discussing the death of the newspaper, and how bloggers will be temporarily left without sources of news (especially investigative journalism). I think someone with the clout of Armstrong taking a stake in this might be just the right measure to prevent online news from going south when print news goes away.
@choptop: He'd better have gobs and gobs of money. Investigative journalism is incredibly expensive, and most advertisers don't want to place ads opposite investigative pieces when they could have a vapid celebrity or fashion story instead.
07/10/09
http://www.inhabitat.com/2009/07/10/dive-into-a-dumpster-guerrilla-pool.../
07/10/09
07/10/09
07/10/09
07/10/09
07/10/09
07/10/09
03/05/09
03/05/09
I'm missing the point (if there is one) of the post, Owen. If the Times seemingly misses the boat on tech innovation vis-à-vis the news, you give them shit. If they make a move in that direction, you give them shit. Which is it?
Of course this posture of yours isn't unique toward the Times, but they do seem to be the most frequent target, despite the fact they are doing much better on the Web than any other news (generating) outlet. I certainly think there are things wrong with the Times, but I also wouldn't want to live without it.
In any case, smart guy, the question I have is: Do you have any ideas? Since your "criticisms" are vapid and muddled, how about you give it a shot. What is to be done?
03/05/09
03/05/09
03/05/09
03/02/09
02/28/09
If you can pay for your Justin Blairs and Judy Millers without crushing trees and smearing them with ink, well then?
Reminds me of the fax. What's the use of the fax? it's a pacifier for those who grew up with the office copier. A long-range Xerox. Have to bring these people along slowly.
02/28/09
Newspapers still make most of their money by selling ads for their print edition.
03/01/09
03/01/09
@Bradley - Here's a direct quote from Russ Stanton, from an email he sent me earlier this morning, in response to many requests from around the social media realm for clarification about his revenue comment at USC last week.
"Our digital revenue this year [for the Los Angeles Times] will be equal to our newsroom payroll (web and print) and that is salaries only."
Those are actual numbers for 2008. Our business folks are projecting that digital revenue will exceed total newsroom payroll in 2009.
Russ adds, "We're still years away from able to even consider shutting down our presses, and the ink-stained wretch in me hopes we can figure out a way to sustain this centuries-old medium for several more centuries."
[www.buzzmachine.com]
03/02/09
02/28/09
02/28/09
02/28/09
02/28/09
02/28/09
02/28/09