What was once expected to be $200 million in annual cost savings has now grown to $400 million or more. But how much blood is left to be drawn from this stone?
The “failing” New York Times’ news operation now employs more than 1,700 journalists, up nearly 50 percent from a decade ago. It has nearly 5 million subscribers, triple its print-era peak. Now it’s preparing to up the price.
“The point is they have personality. They have character. They’re engaging, and they have really inside stuff. So, they’re more than newsletters. They are mini-brands that have events and forums around them — but the newsletter is almost the spearhead.”
With Lookout Local, our longtime news industry columnist Ken Doctor is going to apply what he’s learned to try to fill the growing void in local reporting.
The number of employees soon to be cut at the No. 1 U.S. newspaper chain is about the same number as the No. 2 chain has in total. But newsrooms should mostly be spared — for now.
Schmidt, Christine. "“The death of the 15-inch story”: What local news leaders see (and don’t) in the future of the industry." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 9 Sep. 2019. Web. 18 Jan. 2020.
APA
Schmidt, C. (2019, Sep. 9). “The death of the 15-inch story”: What local news leaders see (and don’t) in the future of the industry. Nieman Journalism Lab. Retrieved January 18, 2020, from https://www.niemanlab.org/2019/09/the-death-of-the-15-inch-story-what-local-news-leaders-see-and-dont-in-the-future-of-the-industry/
Chicago
Schmidt, Christine. "“The death of the 15-inch story”: What local news leaders see (and don’t) in the future of the industry." Nieman Journalism Lab. Last modified September 9, 2019. Accessed January 18, 2020. https://www.niemanlab.org/2019/09/the-death-of-the-15-inch-story-what-local-news-leaders-see-and-dont-in-the-future-of-the-industry/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2019/09/the-death-of-the-15-inch-story-what-local-news-leaders-see-and-dont-in-the-future-of-the-industry/
| title = “The death of the 15-inch story”: What local news leaders see (and don’t) in the future of the industry
| last = Schmidt
| first = Christine
| work = [[Nieman Journalism Lab]]
| date = 9 September 2019
| accessdate = 18 January 2020
| ref = {{harvid|Schmidt|2019}}
}}
