Say Anything Blog

In American Thinker there is this article The Incredible Shrinking New York Times which describes the current demise of NYT.

Like some robber baron capitalist of yore, the New York Times is telling the remaining full price readers of its print product that they will pay more and get less, the same message it has been sending advertisers for years. But far from a sign of strength, this move is an indicator that the slow motion business collapse of the New York Times Company may be picking up its pace.

Faced with rapidly waning print media revenue and internet revenues which are growing, but not even close to offsetting the decline of print, the strategic plan of Pinch Sulzberger is failing. He had hoped to replace print profits with skyrocketing electronic publishing revenues, but evidently lacked any concrete notion of how to get from here to there, and overpaid for a niche website in a business increasing ruled by ruthless giant players like Microsoft and Google.

Yesterday, New York Times Company Chief Executive Janet Robinson told investors at a Newspaper Association of America conference in New York that the company would be raising the price of single copy newspapers and home delivery subscriptions. At the same time, the company has suddenly accelerated and apparently made more drastic a previously-announced plan to shrink the physical size of the paper and cut the amount of news provided to readers. It is also speeding the closing of a mammoth Edison, NJ printing plant that was one of Pinch Sulzberger’s first strategic moves, opening in 1992, but which, after the decline of metropolitan circulation during the Pinch years, is now surplus capacity, its presses and skilled workers unnecessary burdens.

However, undaunted by their failing strategies, NYT sails on in shark infested waters and rocky shoals (isn’t that typical for libersls?).  In summary, this statement says it all.

At the Incredible Shrinking New York Times, everything is shrinking except the arrogance of the publisher and liberal editorial staff. Unfortunately, that is the one area of the company where less truly would be more.