Losing: The Failing New York Times Set to Lay Off More Staff, Including Reporters

[IAMX 3,055]

Quote

Losing: The Failing New York Times Set to Lay Off More Staff, Including Reporters

 

 

Peddling fake news does not, in fact, equate to a long-term successful business strategy, reporters for The New York Timesare learning the hard way.

The Gray Lady, which many in the media class consider the pinnacle of the information business, is struggling so much financially that reporters are expected to be laid off from the publication, along with many editors, the New York Post reports.

“Reporters at the New York Times could soon be ‘vulnerable’ to the ax,” the Post’s Keith Kelly wrote. “If the ongoing round of voluntary buyouts being offered to editing staff does not get enough takers, the Gray Lady could begin another round, NYT Executive Editor Dean Baquet recently warned his top department editors.”

Kelly reported that as part of an ongoing restructuring at the Times—which has been happening since early 2017—a whopping 109 copy editors have already been terminated while only 50 new jobs are likely to be created as the paper shifts its focus to digital. Kelly wrote:

When the downsizing was first revealed in late May, a memo from Baquet and Managing Editor Joe Kahn portrayed the cuts as a “streamlining” of the editing process and indicated that some of the savings would be used to hire up to 100 more journalists. But in a mid-June meeting with department heads, Baquet admitted that journalists could be targeted in a new round of layoffs once the editing ranks are culled.

Kelly quotes a memo from New York Times metro editor Wendell Jamieson who said that the buyouts that are eliminating editor jobs at the Times are now also targeting reporter jobs there.

 

http://www.breitbart.com/big-government/2017/06/24/losing-the-failing-new-york-times-set-to-lay-off-more-staff-including-reporters/

 

Who didn't see this coming? 

 

Can't wait for the next step. 

Edited June 24, 2017 by IAMX

[jg121783 3,921]

I read a few months ago they laid off a bunch of people and leased the office space out for extra revenue. Pretty pathetic. That is what happens when you constantly lie. You still have your core group of cult followers but you lose everyone else.

[Amica Nostra 4,803]

16 minutes ago, jg121783 said:

I read a few months ago they laid off a bunch of people and leased the office space out for extra revenue. Pretty pathetic. That is what happens when you constantly lie. You still have your core group of cult followers but you lose everyone else.

You dont know much about the economics of newspapers do you?

[Póg mo 1,749]

I hope the New York times is really failing. There has never been a war involving America, that the times hasn't supported.

 

Perhaps the decision to hire Bret Stephens hasn't helped the papers profitability?  I do hope so. Seriously, anyone who believes the New York is really liberal, is deluding themselves.

[TBoneTX 47,692]

That paper, and others, aren't fit to wrap fish in.

[jg121783 3,921]

5 hours ago, TBoneTX said:

That paper, and others, aren't fit to wrap fish in.

It's not even fit to be bird cage liner.

[jg121783 3,921]

9 hours ago, ccneat said:

You dont know much about the economics of newspapers do you?

It's pretty simple. A newspaper publishes fake news. The same newspaper predicts on election night Hillary has a 95% chance of winning. People get sick of being lied to and they stop reading that newspaper. This results in the newspaper losing revenue and having to let people go. That's just economics in general. If people stop buying your product you lose revenue.

[Dashinka 26,014]

It seems that when the 5th estate starts to inject opinion in news stories it is a losing model.  That along with losing touch with the common person living in America appears to be a failing business model.  I don't revel in a business failing, but when you are expected to be unbiased in hard news reporting, and it seems clear you are not, it might be time.

[Amica Nostra 4,803]

10 hours ago, TBoneTX said:

That paper, and others, aren't fit to wrap fish in.

I disagree

[Amica Nostra 4,803]

 

3 hours ago, jg121783 said:

It's pretty simple. A newspaper publishes fake news. The same newspaper predicts on election night Hillary has a 95% chance of winning. People get sick of being lied to and they stop reading that newspaper. This results in the newspaper losing revenue and having to let people go. That's just economics in general. If people stop buying your product you lose revenue.

Look 

NYT subscibers are up , way up, for digital and print. Look it up.

 

That is not offsetting the fundamental shift away from newspaper display  ads which is the backbone of their business. The problems with their business model have more to do Google Ads.

 

I think the comments here though do illustrate the problem with trying to see everything through a left right prism, this is business.

Edited June 25, 2017 by ccneat

[Dashinka 26,014]

51 minutes ago, ccneat said:

I disagree

I suppose they might be useful for wrapping fish.

 

[spookyturtle 9,466]

59 minutes ago, Bill & Katya said:

I suppose they might be useful for wrapping fish.

 

[Amica Nostra 4,803]

1 hour ago, Bill & Katya said:

I suppose they might be useful for wrapping fish.

 

Maybe but the reports that their business problems stem from a drop in subcribers us "fake news"

Edited June 25, 2017 by ccneat

[jg121783 3,921]

2 hours ago, ccneat said:

Maybe but the reports that their business problems stem from a drop in subcribers us "fake news"

So that would be fake news about the fake news then?

[Amica Nostra 4,803]

5 minutes ago, jg121783 said:

So that would be fake news about the fake news then?

Your statement that subscribers and subscriber revenue is dropping. 

 

THE WALL STREET JOURNAL

New York Times enjoys highest subscriber growth ever in Q1

By Austen Hufford, Lukas I. Alpert

Published: May 3, 2017 1:15 pm ET

 

 

 

 

Many media companies have seen audience growth amid interest in presidential race and Trump’s administration

New York Times Co. NYT-0.29%  said it had the best quarter for subscriber growth in its history, fueled by continued interest in the new administration of President Donald Trump, though the company warned the pace of growth would slow in the second quarter.

The media company said paid digital subscriptions reached 2.2 million in its first quarter, an increase of 348,000 from the prior quarter. The gain included 40,000 new crossword subscriptions.

Edited June 25, 2017 by ccneat