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Articles tagged Mark Thompson (51)

Also, the Times now reaches about half of American millennials.
It now makes more revenue from digital than from print and continues to add new subscribers at a record pace. But its brutal COVID-driven drop in advertising will be echoed all across the industry.
“Engineering now is the second largest functional area at the New York Times, only behind journalism, and the largest function by far on the business side.”
A giant potential audience isn’t good enough on its own anymore: “It’s time to re-examine all of our relationships with the big platforms.”
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.
“I believe that if you’re producing journalism of value, there is no reason to expect that consumers wouldn’t be prepared, in some way, to support that — potentially to pay for it. And that’s probably, ultimately, true of regional and local journalism as well as national and international journalism.”
And what lessons can the rest of the industry draw from the Times’ outsized success?
Its new Wirecutter Money vertical is the Times’ latest attempt to broaden its revenue base beyond its core news product.
First Sinclair and now the Kochs are back. In an age of media free-for-all and massive deregulation, will fact-based journalism become an endangered species?
“I think over the next five years, it’s possible the competitive landscape will actually get in some ways more attractive for The New York Times, because I’m afraid I see a lot of casualties over the next few years because of the economics of the industry.”